alt Hacker News> if you don't assert collective ownership of the resource before private companies capture all the value
Isn't that how communism (should have) worked?
> if you don't assert collective ownership of the resource before private companies capture all the value
Isn't that how communism (should have) worked?
Alaska and Norway aren't communist. They're capitalist economies with thriving private sectors. Oil companies still operate, still profit, still compete. The public just gets a share of the value extracted from a collectively owned resource.
The Alaska Permanent Fund has been running since 1982 inside the most conservative state in America. Norway's sovereign wealth fund is the largest on earth and their economy is doing fine.
These models work.. work well... And they exist comfortably within mixed market economies.
The question is whether the public gets a cut when private companies build fortunes on a collectively generated resource, or whether they don't. We already know the answer can be yes without anything breaking.
Our entire white collar system might be a house of cards with AI, what I am proposing is a safe hedge against a future with potentially massive wealth inequality, and increased unemployment. But this isn't just about protection from injury... people should BENEFIT massively.