My idea is some non profit gets setup to manage a system where someone announces their mortgage and then they can have friends, family and second and third degree friends and families finance your loan.
Let’s say someone buys a $250k house. Each person puts in $100 and then they get a receipt showing they are owed $200 against their 1/2500th share of the mortgage. Repayments are paid the $200 in return in a random time frame of between the first month to the last month 30 years later. Repayment is completely randomized, meaning you could get your money back really soon… Or a really long time from then.
There are a lot of other ways you could build on this idea.
That’s good, but for it to scale everyone should participate. Maybe we could manage it centrally to maximise the outcome, I guess maybe the state could do that? Kinda like taxes? And then the government could buy or build the house and give it to whoever asked for it… Wait a second!
When people describe what they hate about communism and socialism, they often describe capitalism.
A lot of people would be in favour of communism or socialism, they just don’t know it, due to propaganda against it.
A great example for this are insurances. If you’re not from the US, you pay a small amount of money or portion of your income and never have to worry about medical expenses again.
This concept can be applied to virtually anything! Food, water, shelter, you name it!