Re: Venture Communism

From: Andy F (aft627_at_aol.com)
Date: 08/06/04 

Date: 06 Aug 2004 00:27:52 GMT

Quirk wrote:

>Hello, I am working on the idea of Venture Communism, which I describe
>below, I would very much appreciate the critical feedback of the
>group. Don't worry about nitpicking, all comments are welcome, I want
>the language and ideas to be clear and economicly sound. Also
>references to other, related ideas are very welcome. Thanks!
>
>----
>
>Venture Communist Prospectus
>Dmytri Kleiner -- DRAFT I
>
>The Venture Communist is a Public Entrepreneur, Venture Communism is
>not a political model, but rather it is a transitional tactic designed
>to promote an equitable distribution of wealth via the enterprising
>initiates of communities, rather than through the central authority of
>the state.
>
>Venture Communism is an alternative Revolutionary Strategy to Violent
>Revolution, one that preserves existing social accumulation rather
>than destroying it.
>
>The basic plan is to literally buy the world back from the
>Capitalists. The value of the future is far greater than the value of
>the past, therefore if Venture Communism can do better than Venture
>Capitalism in it's investment performance it can achieve this goal.
>
>In the growth theory and production functions of economics, Labour
>(Human Capital) and Capital (Money Capital) can typically replace each
>other.
>
>This means that to increase production, either increasing labour
>investment or increasing money investment is possible. The money can
>increase productivity through the purchase of 'Capital Goods', i.e.
>Machines, where there is sufficient underutilized labour. The labour
>can directly increase production, especially in situations where the
>marginal productivity of labour is high and/or existing Capital Goods
>are underutilized.
>
>Venture Capital is the Capital made available to high risk
>opportunities, usually to new and expanding enterprises, this Capital
>can theoretically be invested in terms of Labour or Money.
>
>However, for the Venture Communist, this is an important distinction,
>since Human Capital, while not perfectly distributed by nature, is
>still far better distributed than Money Capital is. In other words
>Human Capital is more equitable than Money Capital.
>
>Since Human Capital is more equitable than Money Capital, investment
>in a Venture Commune is made by contributing labour, not money, and
>shares in the commune can not be bought nor sold, only earned by
>labour contribution.
>
>A Venture Communist is a person who makes such investments. A Venture
>Commune is a partnership that primarily invests the capital of third
>party investors in enterprises.
>
>A Venture Commune accumulates it's Capital (Human Capital) by
>soliciting labour investments and then invests this labour in high
>risk enterprises that promise high return on investment. The Venture
>Commune winds up with an ownership stake in the enterprise.
>

So you're asking people to 'contribute human capital' (i.e.work) for you.
Instead of getting paid they'll get shares in the venture commune.
And you think that enough people will do that so you can take over the whole
economy.
I think you're dreaming.
  

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