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Every company should be owned by its employees (www.elysian.press)

submitted 1 year ago by bot@lemmy.smeargle.fans to c/hackernews@lemmy.smeargle.fans

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[–] dactylotheca@suppo.fi 12 points 1 year ago* (last edited 1 year ago) (5 children)

Unsurprisingly HN is full of people who are sure that this would be bad for society and that it should be up for the "market to decide" - because if co-ops were good they'd be more common, not like there's any societal context that could keep them from being more popular

[–] sushibowl@feddit.nl 11 points 1 year ago (1 children)

this HN comment at the top illustrates the perspective:

worker-owned cooperatives have not taken over the market, although they are an available institutional form, because (a) they find it hard to raise capital (b) they tend to make decisions that maximize worker welfare rather than profit,

In other words, The market system as it currently exists maximizes profit over worker welfare, and that's why these coops are not successful. That's a fairly damning indictment of the market.

[–] dactylotheca@suppo.fi 9 points 1 year ago

Yeah there were so many condemnations of the idea that brought up "but they'd maximize worker welfare!" like it's a bad thing

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