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by vidarh 1874 days ago
Well, a "mostly worker coop" in the sense of a company that takes capital from elsewhere but where shares are otherwise spread out among the workers could still work as a VC funded company as long as they addressed the issue of how to make it possible for that VC to get an exit. It becomes easier to get to a middle ground the cheaper it becomes to take capital.

Interestingly one of the things Marx and Proudhon violently agreed on was that cheap credit is one of the most radical things you can create. The reasoning is simple: The cheaper credit is, the less power employers have over employees. To take a hypothetical extreme: if credit is free and guaranteed, an employee can walk out at any point and take whatever time they need to figure out what to do, at which point employer power of employees is nullified.

As such, at some point along a gradient of cost and access - and it may well be an impossible point to reach - capitalism becomes indistinguishable from socialism, in that capital ownership becomes a matter of choice.