Paper:
https://philpapers.org/rec/PRCTCC
Abstract:
This paper presents the Common Capital Allocation System (CCAS), a post-capitalist design that rejects both private ownership of large-scale productive capital and centralised state planning. The core diagnosis is that capitalism fails structurally by rewarding externalisation of costs and passive extraction over productive contribution. The alternative rests on five principles: no passive earning, public capital ownership, temporary performance-conditional control, performance-based compensation only, and a universal safety net.
Capital is allocated through crowdfunding for consumer-facing projects and expert-weighted prediction markets for complex investments. Private wealth is limited to capped, non-inheritable government bonds generating no passive income. The political layer combines futarchy with liquid democracy, unifying economic and political governance under identical allocation infrastructure. Transition is conceived as competitive displacement rather than expropriation. The paper identifies open empirical questions — motivation without ownership, prediction market calibration, property boundaries — while arguing these are practical rather than logical challenges.
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