#liberal #anticapitalism

An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.

#liberalism
#coops #cooperatives

  • 71 Posts
  • 256 Comments
Joined 1 year ago
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Cake day: July 18th, 2023

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  • 4/5

    It is irrelevant that some workers don’t want to be held responsible for the positive and negative results of their actions (the whole result of production). Responsibility can’t be transferred even with consent. If an employer-employee cooperate to commit a crime, both are responsible. This argument is establishes an inalienable right i.e. a right that can’t be given up or transferred even with consent like political voting rights today



  • 1/5

    Worker coops can have managers. Managers’ interests can be aligned with the long term interests of the firm by giving them non-voting preferred shares as part of their compensation. Managers will make sure workers they are managing perform. The difference is that these managers are ultimately accountable to the entire body of workers and are thus their delegates.

    Profits/wages don’t have to be divided equally among workers.

    I’m going to use multiple toots since I’m on Mastodon


  • Your reforms sound good, but aren’t pragmatic. Today’s system requires you to have lobbyists to push an agenda through. Who is going to fund the lobbyists to make these reforms happen.

    Also, even in an ideal capitalism, there is still an injustice at the heart of the system. The employer-employee contract violates the tenet of legal and de facto responsibility matching. The workers are jointly de facto responsible for production, but employer is held solely legally responsible.

    @technology