Ludwig, have you EVER invested in the stockmarket?
Remember to that it is enshrined in US law that corporations MUST put share price above all other considerations
Is it?
Which law?
I've never seen that law, and its utterly impossible, the price of a share drops by the dividend per share everytime dividends are paid, if the law says you must mazimise share price, you could never pay dividends.
Nor could you ever issue more shares
The principle of a limited liability corporation is the maximisation of shareholder wealth, but thats very different from high share price, and law.
Why would I invest in a company that looked likely to keep its profits steady, when I could invest in another one whose profits were increasing?
Would you rather buy a share that pays £10 a year in dividends for £1 per share, or a share that pays £1 a year in dividends, increasing by 10% per year, for £10 per share.
UE
All of the usual capitalist solutions will fail, because full employment now under a capitalist system could only be accompanied by an increase in consumption of resources that is physically impossible.
Bollocks
I'd love to have someone clean my house, wash and iron my clothes, fill/empty the dishwasher, cook my meals and maintain my garden.
I dont employ anyone to do these tasks, not because there are not people available but because the law prevents me from employing them at an acceptable price.
This would require no more resources, because its things I already do myself, but would for which I am ruinously over qualified, and would be happy to pay someone poor to do for me, netting me a few hours of leisure time.
As I keept telling you all, we do not live in a capitalist world, we live in a corporitist one.
A 4 day week wouldnt change anything in my role, I'd just ignore it, it wouldnt add another job vacancy. Even if it was enforced, Two people quit my job THE SAME WEEK I started, the first guy didnt last monday, the second managed tuesday and wednesday morning, I started thursday. There had been half a dozen in the months before.
I'm sure France implemented a 20 hour working week at one point, "doubling" the number of jobs, but it doesnt double output, or value, so nothing is fixed.