Collective Capitalism: The Path to Poverty Eradication

Collective Capitalism: The Path to Poverty Eradication

Oct 4th, 2024

For poverty eradication, the only real solution is Collective Capitalism. In the present system of individual capitalism, exploitation of workers cannot be prevented. Therefore, nationalization is necessary to establish collective capitalism.

Current Situation

• The one who actually works hard often remains hungry.
• The one who does not work at all keeps getting richer with the power of money.

To break this unjust contradiction, we must restructure the entire system of production and distribution on a collective basis.

Required Mechanism: Production and Distribution System

• Direct participation and ownership of workers in production.
• Guarantee of work and fair wages for everyone.
• A just distribution system where wealth is not concentrated in a few hands, but reaches all levels of society.

Key Features of Collective Capitalism

• Worker = Owner
• Profit = For social development
• Production = According to need, not just for profit
• Distribution = Balanced and just

Collective Capitalism means a combination of the efficiency of capitalism with the equality of socialism. Through this path, we can achieve poverty eradication, social justice, and sustainable development.

✊ Therefore, if we truly want to eradicate poverty, moving towards Collective Capitalism is essential.

Arun Ramchandra Pangarkar
Founder, Ideal Wealth Distribution System Movement
a.k.a. Poverty Eradication Movement