I'm sure you know the next issue: How in your system is capital efficiently allocated? The issue is not hoarding (or not necessarily), it's natural scarcity of capital. How do we decide who gets to use the truck or the property, etc.? We know the capitalist method of allocation, which is rather productive in aggregate. Other methods have been unproductive, broadly speaking. First come first serve?
Also, the worker in your system gets all the return. Great. Now they have some money and they buy a truck. But now they own capital, the truck and hopefully some cash left over. Must they lend it to someone else without return? I dunno, but they might not be happy with that!
Proudhon famously deconstructed the concept mathematically: https://www.marxists.org/reference/subject/economics/proudho...
(You can ignore the fact that it's on a Marxist site - Proudhon and Marx were not friends and had bitter disagreements - but unfortunately and unsurprisingly Marx's "Communism" got popular)
Plenty of groups through history and even today ban interest as usury - the early Islamists were known for this
On efficiency: Note your arguments. The conceit of a capitalist apologist are that the mechanisms of capitalism, (eg markets as a price clearing mechanism between free agents) according to the efficient market hypothesis should not require a central or other intermediary for allocation. Yet your entire claim is that the purpose of finance is to make that clearing happen efficiently, and to be significantly compensated for such.
How is that not centralized planning only by a different group, then a government? From an information and planning perspective it’s not, so any claims that you need a financial services market in order to make capitalism efficient, argues against the foundational argument of the efficiency of capitalism.
Syndicalism, however, does not require any intermediary, and in fact, any intermediary introduces net losses as I’ve already demonstrated, there is no value created by capital allocation, and therefore the only value if it is taken out of, it comes out of those the value that could be captured by the person creating it.
Finally I’d suggest you read my paper and see what you think:
https://kemendo.com/Myth-of-Scarcity.html
Thanks for the debate
You may be interested:
In the study of cultural universals, there are four leading anthropologists going back ~100 years afaik, and all four say private property is universal, based on the evidence. Some caveats: Generally speaking, they say it; there's detail there that I don't have time to look into now. Also, defining and classifying the behaviors of all cultures, current and past, and associating them with some modern English words, yields uncertain definitions - as those anthropologists will tell you. Certainly how a 'cultural universal' is expressed can look very different in different cultures.
* Clark Wissler, Man and Culture (1923)
* George Murdock, "The Common Denominator of Cultures", in The Science of Man in the World Crisis ed Ralph Linton. New York: Columbia University Press. 123-142. (1945)
* Charles Francis Hockett, Man's Place in Nature, McGraw-Hill (1973)
* Donald E. Brown, Human Universals (1991)
These are seminal works in that field - the seminal works as I understand it (I'm not an expert). You can find all/most at the Internet Archive, as far as I know.
Holding keys to a cache of goods isn’t a skill.
Even if you claim to have thought really really hard about when to open the vault, the simple act of hoarding less, does not transform the goods into value.
The fact of hoarding, crowds out others use of the resource (reducing monetary velocity) so that means for people who want to make more, the choices made for when to open the vault are solely dependent on an mathematically unequitable distribution of the resultant created goods, in effect stealing directly from the people making value.
To be clear I’m not making the Labor Theory of Value argument - I’m simply demonstrating that by capitals own standard (increase in value based on capital labor mix) capital should get no excess return.
In fact the only argument capitialists have left is the contract and this is the Mises style MaximumCapitalist like Hans Hoppe. The argument goes that as long as a contract is signed, there cannot be anything unethical.