◾“Armed struggle is not a path revolutionaries chose, but rather it was imposed on the common people by the oppressors” explains the Cuban revolutionary leader Fidel Castro when asked why his guerrilla organization took up arms.

This week marks the anniversary of the founding of the M-26-7 guerrilla organization in 1953. The revolutionary organization ended up overthrowing the US-backed dictatorship under Fulgencio Batista.

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Zelensky shared “exclusive” data: the Russian Armed Forces are losing six* times more personnel than the Armed Forces of Ukraine.

* the source of information is unknown and is questionable.

@ukr_leaks_eng

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FROM PREDATORY CAPITALISM TO A COMPETITIVE MARKET ECONOMY THROUGH STOCK OWNERSHIP REFORM

✍️Written by Hikaru Kitabayashi✍️

The weakness of capitalism is the concept of "the winner takes all" meaning, in capitalist economies, monopoly power and oligarchic control become the norm, resulting in increasing poverty and unemployment as the economy grows. This can easily happen because the system encourages opaqueness as to ownership control. Various legal regimes are in place everywhere making it easy to keep ownership information a secret. Stock ownership secrecy combined with a greater and greater ability to crush competition, means less than optimal economic growth, greater than necessary unemployment, and always lower wages. Furthermore, economic rigidities tend to develop which governments traditionally cope with by means of inflation. Political rigidities are almost always dealt with through vote buying and other forms of corruption.

The glue that ties this together is not to be found in the "Protocols of the Elders of Zion" but in something far more mundane. It lies in two things. One is the commercial law of nations, the law which defines what stock is and how it may be used. The other is to be found in the tax law of nations. through which ownership of stock and sources of income derived from its ownership become subject to taxation.

Obviously, the solution to the problems being faced now by the world's economies is complex. But, equally obviously, the problem posed by the concentration of power in the hands of invisible oligarchs and by their ability to avoid personal responsibility for their business decisions as a result of stock ownership must be addressed.

One important part of the solution would be to make all stock owned by human beings equal in terms of assigned value and voting rights per share of stock. Stock owned by other corporations or by government bodies should have no voting rights and confer no corporate management rights. This simple reform would also ensure that real human beings could be held responsible for mismanagement, corruption, and crime. Now, the person pulling the strings is often several layers up and completely immune to punishment. Corporate owners could, thus, own stock and profit from its possession, but would obtain no management rights as a result.

To prevent hostile take overs by those with no interest in the welfare of a company or its employees, voting rights coming from the ownership of stock should only be for those living human beings who can show proof of ownership for one year or more. Ownership could be transferred at any time, but would not automatically engender voting rights, thus protecting employees from sudden take overs which almost always involve massive dismissals of personnel.

In order to avoid the sudden acquisition of unlimited power over large companies by any one individual stockholder, it should be required that no one be allowed to vote more than 10% of the shares of the total amount of stock possessed by humans for purposes of voting. This does not automatically mean 10% of the votes. If a person owned 100% of the stock, then 10% of the shares would still generate 100% of the votes and 100% of the responsibility. It would, though, hamper the creation of corporate dynasties among incompetent individuals and act to stop frivolous corporate take overs.

Finally, in order that stock should once again become a form of investment instead of being a stock market gamble as now, whoever buys stock should be required to pay a sales tax on it. One percent would probably be enough to discourage speculation simply for the sake of a speculation addiction instead of for long term profit. After all, wouldn't it be better for society if gambling meant casinos and not the stock market?

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