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by smithian
5342 days ago
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You seem to not know anything about this, so I'll cut you some slack even though your wording is slightly offensive. Worker owned cooperatives aren't some kind of pie-in-the sky idea tat has never been tried. they make up a large portion of the employment base in Emiglia-Romagna, the Basque territory, Switzerland, and Wisconsin, along with lots of other places. Cooperatives employ 100 million people around the world according to the ILO, so it's not some kind of pipe dream that you would like to make it out to be. I never said that I wanted to make corporations illegal, just stop using tax dollars to subsidize them, while taxing them in order to balance out the extreme wealth redistribution that they engage in. It seems eminently sensible for a country that likes to call itself a democracy to promote (or at least set up a favorable regulatory scheme for) economic democracy rather than the techno-feudalism that corporate capitalism resembles when capital becomes too concentrated. re:bitcoin: what? >Why should someone that takes absolutely no risk get anything close to the owners of a company? Good question. Why should a rich investor that spends a tiny fraction of his money own the product of the founders and workers who actually create the value? Why should capital own labor, rather than the other way around? |
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If these really worked and made sense, we would have more worker owned cooperatives as opposed to corporations. I haven't heard much about them because they are in the slim minority..and there's probably a reason for this.
"I never said that I wanted to make corporations illegal, just stop using tax dollars to subsidize them, while taxing them in order to balance out the extreme wealth redistribution that they engage in."
Which translates to: taxing the hell out of them so it's no longer profitable to start one. I'm cool with worker owned cooperatives as long as they are taxed exactly the same as corporations.
"It seems eminently sensible for a country that likes to call itself a democracy to promote (or at least set up a favorable regulatory scheme for) economic democracy rather than the techno-feudalism that corporate capitalism resembles when capital becomes too concentrated."
It is a democracy: you can start your own company at any time. You want to prevent someone from having too much money, even if they've earned it honestly. I don't want anyone to limit my success. When this happens, I will either leave the country or become a criminal.
"Good question. Why should a rich investor that spends a tiny fraction of his money own the product of the founders and workers who actually create the value? Why should capital own labor, rather than the other way around?"
Because the rich investor is risking their money. The founders can bootstrap. Many companies do. I personally wouldn't give up that much control to anyone. Most workers don't understand what it takes to run a company. It's more than just collecting a larger paycheck..
"re:bitcoin: what?"
Never heard of bitcoin?