I realize my other comment didn’t actually properly answer your concern. You are right about this being the equivalent of minimum wage. However, the meaning of wages have changed since the time when those laws were made. We don’t need companies to prove they can pay their people for today, because we have technology that lasts hundreds of years if properly maintained. We need them to prove they are economically viable forever.
You’re absolutely right. However, if you use the right magic words you can convince them that it will be good for them. Constituents will be happy because their bills will be guaranteed to be paid by their company, and investors will be happy because they can look at a company and instantly see whether they can make money off it. It just so happens that politicians tend to be into the same things as investors
However, if you use the right magic words you can convince them that it will be good for them.
This is Utopianism, and was practiced by early Socialists like the Owenites. The problem is that such a practice never works. One of Marx’s major advancements was in developing Scientific Socialism, which looks at material reality and its trends to see how to better guide them.
You just described what the minimum wage was supposed to be, and plenty of red blooded American patriots already hate that.
I realize my other comment didn’t actually properly answer your concern. You are right about this being the equivalent of minimum wage. However, the meaning of wages have changed since the time when those laws were made. We don’t need companies to prove they can pay their people for today, because we have technology that lasts hundreds of years if properly maintained. We need them to prove they are economically viable forever.
You’re absolutely right. However, if you use the right magic words you can convince them that it will be good for them. Constituents will be happy because their bills will be guaranteed to be paid by their company, and investors will be happy because they can look at a company and instantly see whether they can make money off it. It just so happens that politicians tend to be into the same things as investors
This is Utopianism, and was practiced by early Socialists like the Owenites. The problem is that such a practice never works. One of Marx’s major advancements was in developing Scientific Socialism, which looks at material reality and its trends to see how to better guide them.