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by hannasanarion 1270 days ago
the endgame of for-profit companies in unregulated markets are monopolies.

Cutting corners and monopolizing makes sense for a business when absentee profit-seeking owners are the ones calling the shots and taking the spoils.

An alternative corporate structure where decision-makers have different incentives coughsoughworkerco-ops might choose different and less destructive behavior in the same free market.

1 comments

That works if the only ethical decisions relate to the workers, but there are still ethical decisions that relate to external factors like climate change or to customers. For example, a worker-run coal mine will probably be much better at maintaining safety standards than a privately-owned coal mine, but those workers still want a job! They're not going to willingly shut down the mine just because coal-fired electricity generation needs to be phased out. You still need government oversight and regulation.

(Of course, worker co-ops are still good things, even if they're not going to solve every problem all by themselves!)