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What is stopping employees of a company from getting together and starting a rival, employee owned company?
by hibern8 4y ago
What is stopping employees of a company from getting together and starting a rival, employee owned company?
- heavyset_go 4y agoThe current undemocratic nature of capital allocation that disfavors worker-ownership.
- djbebs 4y agoYou mean the nature of worker owned cooperatives means they exclude potential equity investors from providing the capital? You understand that you're complaining about the fact that non-workers can't own a cooperative and as such they will not invest in them, right? You're literally complaining about what you don't want to happen not happening...
- heavyset_go 4y agoAllocating capital through the whims of equity investors is inherently undemocratic.
- Cederfjard 4y agoHow would you see it allocated instead?
- djbebs 4y agoSo let me get this straight, you want me to give you money so that you can build and run a business, and you also want me to have no control over how that money is used, and for me to get no benefit from the whole thing? Why would I give you my money?
- ohCh6zos 4y agoDemocracy means representing the will of the people. Do democratic processes produce better outcomes? Because the last 10 years of America would seem to indicate polling for the collective will is no promise of good outcomes.