Voluntary higher insurance premiums, to offset higher liabilities typical of more unstable income of higher income people, over-confidence, and preparation for comfort zones, chosenby the individual and not mandated as a vote by the group, is more commonly chosen by the more affluent. It will be monitored and reported. But even institutional duress will lead to defections, mutually shared poverty, and the gall and unreasonable expectations of entitlement generations.
Israel started kibbutzes (voluntary collectives) in 1910, which, in the 1980’s, had trouble with funding and a lack of a work incentive. They have since privatized, and now are 10% of the Israeli work force who create 90% of the goods, but there is a voluntary concession of those who do better than others to take less, as technology means we become a world where it is better to work smarter, not harder.
Anarcho-capitalism, in a word, best described by Murray Rothbard, is insurance. Privatization is in competition with self-governance, once must not trump the other, but legislation should allow the 6 faceted means of raisng revenue for what is the traditional role of government. Insurance starts with physical, not financial, insurance, like properly locking doors and securing windows, cameras, chips in or near the body, all done with consent. Therefore, the insurance firms charge less for premiums, and everybody does better.
If all firms become Kibbutzes, there is a debate, while capitlalism is alive, until machines for toil and outerspace to reduce the value of property means how money goes away, My recommendation is the following:
- Everyone is on the board of directors for what are public firms that sell stock
- A weighted-average industrial democracy means the more you pay as a membership fee, the more valuable your vote. This does not lead to social Darwinism. Remember, the rich don’t like to spend money, relative to the less-rich.
- Your actual pay is commission on the firm’s earnings. You decide what percentage, week by week, you think you are worth. If it is to high or too low, because of the hyperbolic nature of supply and demand (and this means labor, not just goods and services) you make less. Go back to graph paper as you chart your pay as a function of hours put in, ratings by others of quality of work, etc., with software that tracks price verus quantity (eg. what you charge for commission, versus your hours logged in by witnesses multiplied by their rating of your service, say, on a weekly basis).
Say you have 100 workers at a grocery store, where only the butcher requires a trained job skill and should make more. All the percentages (desired commissions) are addd up, and the individual commissions are divided by 100, in case they add up to something above or below 100%. If the butcher feels he is underpaid, he can express his grief at company meetings (more company meetings, say by smartphone without interfering with normal work rituals, and no need to “pound a gavel” because of chat rooms with no audio interruptions) the other workers will probably concede to take less so a good butcher will remain at a store to make the paying customers happy for greater longevity for all workers. The economy will overheat in a taxless economy, so the good workers can find higher paying jobs elsewhere, with the need for orderly immigrant labor and automation over time. A bosses’ worst fear is he is going to overheat and not be able to hire people fast enough, and therefore go out of business by losing old loyal customers, so getting rid of the bosses, the only real definition of anarchy, is the solution to all perplexing issues. Co-workers, in most cases, will hire people where there is less time to scrutinize the qualifications of your applicant, hiring your own customers who give your firm referrals and continue to buy from the firm they first came to. People, as an act of a team by a vote, will rarely be fired as they will earn a lower commission when not doing well and do something else, as there is no such thing as a bad worker, just a bad fit.