"As long as the basic tenet of unlimited hoarding of wealth remains fundamental to our economy, economic disparity and environmental degradation will continue. We will continue to accept as fair and inevitable that economic growth creates concentration of wealth, on the one hand, and unemployment, displacement of people and poverty, on the other. Without a fundamental rethinking of the current economic dogma of private property rights above all other values, and that human progress is best measured in increased material consumption, we cannot create an environmentally sustainable and poverty-free society."
Roar Bjonnes, a Proutist thinker.
It is much easier to diagnose the problem than to propose solutions for it, especially solutions that don't contain the kind of dynamic which moves inevitably to some kind of old-style state-controlled economy. I think that, even in the context of a free market economy, certain restrictions would be practicable, and without removing incentives for motivated and successful people. For example:
1. The prohibition of dealing in certain kinds of "junk" stocks, however they are defined: hedge funds, short selling, etc
2. Fixing currency exchange rates, or otherwise prohibiting large-scale currency speculation.
3. An end to corporate lobbying to restore democratic control of parliaments, and the payment of MPs at a more moderate level to attract people who are genuinely interested in public service.
4. Increasing taxation on multinational corporations as part of a co-ordinated reining in of the supranational freedoms which they have accumulated and abused. The money would be used to fund green technologies and training for work in a more environmentally sustainable economy.
5. Repossessed property should be taken into the public domain to replenish the public housing stock, and rented in the first place to the defaulting occupant(s), at a subsidised rate. Over time, there should be a gradual restriction in the number of properties one individual/family is allowed to own.
6. A substantial increase in the minimum wage, which would be paid (including flexible increments) to people working for publicly-funded sustainable projects. This would be paid for by a drastic reduction in military expenditure, as well as far heavier taxation on higher earners.
