[ameetgaitonde]

My problem with his solution is that it lacks two key components of an implementable design, better incentives and a competitive advantage. As a result, you'd seemingly need an authoritarian government to force these types of changes, which has the potential to cause greater harm than the problem it's fixing.

Incentives - While such a system seems better for workers, it doesn't show any benefit for entrepreneurs or investors. Why would anyone start such a business if they lose control almost immediately? What is the incentive for investment if it doesn't come with the potential for a return?

Competitive Advantage - The reason you'd need an authoritarian government is because anyone using a traditional ownership model would have an advantage against these types of companies. As we've seen in cooperatives, one-person-one-vote creates freerider and horizon problems, and the pressure to form smaller firms would eliminate the economies of scale that many firms today enjoy.

This feels more like a political solution, and seems liable to succumb to predictable economic behaviors.

[cblconfederate]

Indeed there s no self-reflection on the viability of the supposed "plan". Yet again, this is the same guy who was supposedly planning to counter the ECB's demands by setting up a guerilla currency through blockchains and I-owe-Us.

[calcifer]

> Indeed there s no self-reflection on the viability of the supposed "plan".

Perhaps the viability is examined in the book, which is mentioned within the article title?

> Yet again, this is the same guy who was supposedly planning to counter the ECB's demands by setting up a guerilla currency through blockchains and I-owe-Us.

"Supposedly" as in conspiracy theories backed by thin air?

[cblconfederate]

oh no, it's what he claimed to be doing. I don't believe he could pull it through of course, but he himself claims he came up with that crazy plan .

https://www.keeptalkinggreece.com/2016/01/20/varoufakis-reve...

https://news.yahoo.com/varoufakis-parallel-currency-ploy-spa...

[bloudermilk]

> As we've seen in cooperatives, one-person-one-vote creates freerider and horizon problems

Where have we seen this? Would you mind elaborating or sharing some concrete examples?