I’m assuming you want to abolish money and free markets altogether, because otherwise we’re just talking about capitalism with social safety nets a la most of Europe.
So: Depends. Are we making working voluntary, or are we forcing everyone into jobs they may or may not like?
If it’s the former, then there’s no reason to work jobs that don’t seem interesting or fulfilling. Good luck keeping the garbage service running.
If it’s the latter, then well, economically everything’s great, but the downside is that people will be forced to do jobs they don’t like.
If you DON’T want to abolish money and free markets altogether, then there’s still going to be private property, so then that’s the downside. It’s the exact same one we already have from capitalism. Just less of it, because more capital is redistributed via taxation.
I’m assuming you want to abolish money and free markets altogether, because otherwise we’re just talking about capitalism with social safety nets a la most of Europe.
So: Depends. Are we making working voluntary, or are we forcing everyone into jobs they may or may not like?
If it’s the former, then there’s no reason to work jobs that don’t seem interesting or fulfilling. Good luck keeping the garbage service running.
If it’s the latter, then well, economically everything’s great, but the downside is that people will be forced to do jobs they don’t like.
If you DON’T want to abolish money and free markets altogether, then there’s still going to be private property, so then that’s the downside. It’s the exact same one we already have from capitalism. Just less of it, because more capital is redistributed via taxation.