> I certainly would not have proposed it myself, but I think it is ingenious,
> and paradoxically provides new terrain that progressive people can fight on
> to make the system of production socially responsible.
Well, the Continental countries already have pretty extensive programs of child-funds, where households get a cash payment every month for each child. Ducking the issue by issuing debt is a poor second to this; during any sort of downturn, a conservative government could hack the program to pieces.
There's the same problem with stock option socialism -- a bunch of small individual holdings doesn't challenge the power of capital to do whatever it wants. It might have some limited applications in the case of a powerful developmental state, backed by class-conscious pension boards elected by workers, but we can't all be lucky enough to live in Scandinavia.
-- Dennis