Back to Ted
this post was submitted on 01 Nov 2023
1430 points (96.0% liked)
Memes
45560 readers
718 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But the crucial thing is, people are already allowed to form co-operatives, there is nothing stopping you doing it for example. But outside of a select few niche industries they are generally less efficient and get outcompeted by traditional top down companies.
Being less efficient and being outcompeted are not synonymous.
We live in a system that overtly rewards and encourages people to organize things such that they're rewarded for extracting excess value from workers and syphoning it to themselves and their investors.
Of course companies that do that are rewarded, because it's designed that way.
That doesn't make it more efficient, and it certainly doesn't make it right.
Also, you're failing to consider state owned enterprises, which is particularly popular in socialist democracies.
You've also entirely failed to explain why contributing money to an enterprise should entitle you to live off others work indefinitely.
Why does investment entitle people to live off said thing? That's because there are agreements between the parties involved. If I want to start a business and need seed money I willingly enter a contract with investors just as they willingly risk their investment capital.
Of course they are more efficient, nobody sets up co operatives. If they were a more efficient way of running a business more people would do it.