the positive critique

[Max B. Sawicky]

I realize it's obnoxious to criticize something with
which one is not familiar, but as usual I can't
restrain myself, particularly from responding to this:


> Ownership is a bundle of rights. In the Schweickart model, workers have a
right to the income produced by capital investments anda  riht to alienate
it, but a duty to maintain its value, because ultimate title vests in the
government). >

You say the workers have a "duty" to maintain the
value of their capital.

But isn't their incentive to run it down for the
sake of their income?  How does one know if they
are doing their duty?  Doesn't Hayek's problem
return w/a vengeance?

I don't doubt the Schweickart model is worth attention.
As w/the other forms of market socialism, I'm not hostile
to them; think they might all be better than what we've
got.  I'm just skeptical of the extent of the change.

mbs