NETWORK  FOR  ECONOMIC  DEMOCRACY     Plutocracy— page 2

 

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raise is whether its gifts to philanthropy and its sometime appreciation of excellence are worth whatever it costs?  

By our calculation, its cost is zero—IF the minimum  standard of living is very high—because production to end all scarcity of necessities is no longer constrained by counter-productive debt.

COMPETITION ?  IS IT JUST A RAT RACE ?

Which leads us to competition where disagreement exists on the merits: does it bring out the best or the worst in people.?  We believe it is not always the worst.

Economic competition is softer than a marathon—but both can be considered win-win social games: You win if your come in first. You win if you're in the race. You win if you're standing along the route cheering the runners on. You win if you like to watch the runners on TV. You win if you skip it—in favor of something else.

We see a parallel in spectator sport. Imagine professional tennis and a stadium full of fans who love or play the game. The fans (except for very few) know they will never play the game others pay to watch.  But they are not made to feel unimportant because they are not world class players.  They are fans and nothing more.  But the game without them is not the same.  So may it be with business and politics—with plutocracy and democracy (even economic democracy.)  

PLUTOCRACY-page 3