[Miner49er]

Well, he gave a nice list of problems caused by capitalism, and said we need a new capitalism, but gave no reason why. Why a new capitalism? Why not something different, like market socialism, where the shareholders are the employees?

[anonuser123456]

What prevents employees from buying shares today?

[morvita]

Money? Opportunity?

How many employees (even high earning employees like engineers) are actually in a position to purchase enough shares to make a difference? Even for most "publicly owned" companies the vast majority of shares are held by a small number of investors who aren't giving up their control and power.

[akvadrako]

Employees can join worker-owned coops if they want to own the companies they work for. There are a few successful companies like this.

Most employees just don't seem to want that. Maybe because it's more risk.

[Miner49er]

I don't think it's possible. If a company's market cap is low enough that its employees can afford to buy all the shares with their salaries I think that would be a significantly failing business.

[_4ziu]

I think they either have no concept of another system or are in denial about how problematic capitalism really can be and are blaming the wrong things.