this post was submitted on 22 Aug 2023
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Here I go fixing communism again...
First up, just because it hasn't worked, there's no reason it can't work - or is there? I'm all ears. You missed that bit.
Beyond that, the most common issue is the fact that communism is typically achieved abruptly, with little to no pre-work. If you don't address the centralisation of wealth (and by extension, political influence), of course power is going to collapse back into authoritarian hellishness.
Transition via social democracy, taxing away the inequality, getting the populace on board with world-class social services, providing more services over time, as you transition from worker representation on boards and equity stakes to full worker ownership and workplace democracy over time.
Taking the benefits of the people fuelling the economy - workers, and handing it to wealthy shareholders that contribute nothing as they consolidate into monopolies, creating market failure in an economy fundamentally built on markets makes absolutely no sense whatsoever. There's a better way - it just takes a bit of work.
The idea is to minimise the power imbalance to prevent individuals from being able to act on their own interests to the detriment of others, while changing incentive structures to minimise the benefit of doing so.
The government can intervene (and has done so historically) to crack up monopolies. By failing to do so in an economic system where economic power is tantamount to political power, we're signing the execution order for democracy. Look at the political influence that the likes of Musk, Bezos, and Gates already hold. It spits on the face of democracy - a concept that I happen to value. This is a problem with a simple set of solutions.
The path we're on only leads to worse lives for all of us - lower wages (they'll only avoid slavery as long as the government stops them - look at Western companies operations in developing countries), less competition, higher prices, less social mobility, the elimination of the concept of meritocracy, escalating tragedy of the commons... We can and should do better.