On the contrary I think it’s a good system. If they want to control the company they can buy 51% of the shares. Those shares are valuable for a reason.
If management doesn't want to negotiate with a majority of workers, they are free to pick a different career path and leave it to other professional managers.
Anyone can make their own company and their own shares and it’s practically free other than registration costs. The people with the shares get to set all the rules. That’s generally how it works. Otherwise the shares would be worthless.
You are sidestepping a massive amount of factors that allows somebody to create their own business. Even then, a company grows on the backs of its employees, and there quickly comes a time when a single person should not have complete control because it’s not just theirs anymore.
I own shares in public companies and have basically zero say in how they operate and those shares are worth quite a bit.
At this point it’s clear these arguments are flippant and not serious. I hope one day you can have a perspective on these issues that is not so shallow. They are important and you also should have a say in your workplace. Our voices matter.
Anyone who is willing can create a business, especially a software one that has no upfront costs, and the owner usually does most of the work to get it off the ground. The owner gets complete say in how it’s run until they choose to relinquish or sell control or structure it otherwise.
A company is a group effort and people can quit whenever they want. The owner doesn't have complete say and shouldn't have complete say, and it's good for employees to talk to each other so that they can use their say together.
People can quit whenever they want which is the main point.
Instead of banding together and threatening the management and owners with strike action it’s better that they quit because maybe there are other people who are happy to do the work without a union.
I think the problem is most people don’t imagine themselves as owners/managers. If they did they would oppose unions too because they would not want their autonomy taken away.
Money is paid for the employees backs and the business entity owns all the IP. Employees agree to this and can leave at any moment. They are welcome to start a co-op style company and give that a go. But would a VC want to invest in such a company? Prob not.
People like to pretend we don’t live in a cut throat capitalist system and that it has worked out best.
Employees did not agree to the systems of corporate governance we have. There is no real choice, and not working means starving. Nobody is pretending we live in a different system, they are trying to change it. The level of defeatism you are showing is unfortunate. “It has worked out best” is a pretty amazing assertion to make.
Removing the profit incentive was pretty disasterous throughout history. I just can’t imagine a group of employees being able to veto strategic decisions can work. The system for this is startups which is working great. If you don’t like something, setup your own company and do things the way you want.
But if employees always demanded things to be run they way they want, then you couldn’t have this level of experimentation and innovation.
I think the obvious fact is that there are not many co op companies because it doesn’t work. It’s like: stop trying to change someone else’s company, and start your own and build it from the ground up with the governance structure you want.
The shares give you a claim on the profits. The rules are a combination of the corporate bylaws and the law. The latter does not let owners set all the rules: it imposes health and safety restrictions, taxes, and (yes!) unionisation rules.
The people who make the laws get to set all the rules. The shares are valuable anyway, because an economic interest in a profit making entity is valuable whether you have perfect control or not.