Description

A proposal for `venture communism'

"A Venture Commune is a joint stock corporation, much like the Venture Capital Funds of the Capitalist class, however it has four distinct properties which transform it into an effective vehicle for revolutionary worker's struggle.

1 -- A Share In The Venture Commune Can Only Be Acquired By Contributions Of Labour, and Not Property.

In other words only by working is ownership earned, not by contributing Land, Capital or even Money. Only Labour.

It is this contributed labour which represents the initial Investment capacity of the Commune.

The Commune Issues its own currency, based on the value of the labour pledges it has.

It then invests this currency into the private enterprises which it intends to purchase or fund, these Enterprises thus become owned by the Commune, in the same way that Enterprises which receive Venture Capital become owned by a Venture Capital Fund.

2 -- The Venture Commune's Return On Investment From Its Enterprises Is Derived From Rent and Not Income.

As condition of investment, the Enterprise agrees to not own its own property, neither Land nor Capital, but rather to rent Land and Capital from the Commune.

The Commune, unlike a Venture Capital Fund, never takes a share of the income of the Enterprise nor of any of its workers.

The Commune finances the acquisition of Land and Capital by issuing Bonds, and then Rents the Land and Capital to its Enterprises, or an Enterprise can sell whatever Land and Capital it acquires through other means to the Commune, and in turn Rent it.

In this way Property is always owned Mutually by all the members of the Commune, however all workers and the Enterprises that employ them retain the entire product of their labour.

3 -- The Venture Commune Is Owned Equally By All Its Members.

Each member can have one share, and only one share. Thus although each worker is able to earn different prices for their labour from the Enterprises, based on the demand for their labour, each worker may never earn any more than one share in the ownership of the Commune itself, and therefore can never accumulate a disproportionate share of the proceeds of Property.

Ownership of Property can therefore never be concentrated in fewer and fewer hands and used to exploit the worker as in Capitalist corporations.

4 -- All Those Who Apply Their Labour To the Property of the Commune Must Be Eligible For Membership In The Commune.

The Commune may not refuse membership to any Labour employed by any of its enterprises that work with the Land and Capital controlled by the commune. In this way Commune members can not exploit outside wage earners, and the labour needs of the Enterprise will ensure that each Commune continues to grow and accept new members."

More Information

"Venture communists promote the ideal of workers owning their own means of production, to learn more about the theoretical, practical and philosophical implications of this mode of production, we invite you to explore these resources: