- Capitalism and Alternatives -

John Sweeney's Proposal

Posted by: Nikhil Jaikumar ( PCC, MA, USA ) on July 16, 1999 at 03:18:35:

Have any of you heard of John Sweeney's income-cap proposal? John sweeney, for the non-Americans out there, is the head of the AFL-CIO. Hardly a radical organization (they purged Communists in the '50s) the AFL-CIO is today teh largest union in America, which isn't saying a whole hell of a lot- we have a de-unionized workforce.

Sweeney is a Democratic party loyalist which may alienate some of you, but he has one proposal at least that I relaly like. He wants to make it so that ion any company, the top-paid member (including the boss) cannot make more than 50 times the income of teh lowest paid worker. So if you hire minimum wage workers, then you cannot make more than about 550,000 dollars a year. 50 times is of course a far cry from equality. But the way i figure it, maybe in a few years after saying 5p0 times is too much, they'll start saying 30 times is too mych, then 10 times- eventually we can become gradually more nad more equal.

I was bringing this pint up when I was arguing with a Trotskyist (from Boston College!) on my lunch break yesterday. He said I was a typical Allende style reformist, and that Allende's overthrow proved that Allende-ism could not work. Completely ignoring the fact that had the US not intervened, or intervened on teh right side, Chile would still probably be socialist today.

What do you all think?

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