1987. Különkiadvány, 1987.10.01 / HU_BFL_XIV_47_2
- The advantage is that vider opportunity fór priváté investment vould reduce the need fór conepicuous consumption to apend income; there vould be Capital fór investment in auch ahortage industries as housing construction; and the institutional aeparation of the economy and politica vould improve the prospects of introducing representation of the vorkers' interesta in dealing vith the enterprise, and of establiahing vorkers* aelf-management. Society usually accepts the videning of difference6 in terme of vealth. And this videning of differences is acceptable, provided:- It is clearly associated vith a rise of average and belov-average incomes, and vith an improvement in the retail markét'a aupply;- The outstandingly high incomes are taxed progressively, and the State*s tax revenue is used to offset the intolerable disadvantages in terms of income and living conditions; and- The economic advantage does nőt leave the disadvantaged defenseless. The concentration of pover in the economy is nőt acceptable any more than in politics. The concentration of pover ba6ed on priváté ovnership is nőt any better than the State bureaucracy's monopoly of pover. Therefore ve deem it expedient to combine the establishment of a unified Capital markét vith the vigorous further development of self-management at the vorkplace. We propose the folloving basic principle:- Give the investor control of his investment6, and let him invest and vithdrav his Capital, and buy and sell securities.- Let the vorkers control the enterprise*s organization, through the self- management bodies; the latter elect and remove the chief executive, and approve the enterprise*s long-term business strategy.- The primary function of the self-management organs is to provide fór the conservation and grovth of equity. If the proportion of securities vithin the enterprise's Capital is sufficiently large, then there is no need fór either a supervising agency or contrived regulations to ensure that self- management does nőt stray from this function. If the business decisions are unsound, the value of the enterprise's shares vili drop, and the shareholders vili sell off their investment. And if the business decisions are sound, the exact opposite vili happen. Make self-management the ovner of the business organization.- Administrative supervision by the State must be limited to the public Utilities, the large energy-industry investment projects and other monopolies that cannot be broken up, as véli as to tbe enterprises vhose primary purpo6e is military. (Except fór the cultural mandariné' fear of losing their influence, there is nothing to varrant the retention of the cultural enterprises under the state's administrative supervision.) 3>f * • 37
