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by runarberg 1493 days ago
I would really like to know what would happen if—in a wave of international solidarity between all the workers in the world—workers would take their profits in their own hands and away from any shareholder and overpaid non-contributing CEOs. What would happen to all these markets.

Would a company controlled by their own workers choice to funnel parts of their profits to wall street traders? Probably not. Would there be any money to be gained on the stock market in such an environment? Probably not.

So a natural question to ask then is. What value is there in the stock market which does not rely on money being siphoned away from workers?

1 comments

Eventually most of those companies controlled by their own workers would need to raise capital again, and then we'd quickly end up back where we started. Plus employee control hasn't worked well in most of the companies where it was tried. Look what happened to United Airlines. They were majority employee owned for a while, but the different groups of employees never agreed on how to run the company.