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

submitted 3 months ago by Melvin_Ferd to c/general

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[–] [email protected] 17 points 3 months ago* (last edited 3 months ago)

I guess but it doesn't really solve many problems. Much more importantly, every company should be held to strict standards by a democratic institution of laws.

For examples:

Both workers rights and pay rates need to be regulated to a bare minimum, because there will always be cases of some people (or groups of people) who try to abuse others and work around the rules. Example: Uber skirts employee benefits by not having "employees", large companies have "subsidiary companies", etc.
Even if a company of 500 people always look out for themselves and each other, they might still become a detriment to the larger society or hostile towards similar companies.

Having both tight regulatory bodies and strong union/cooperatives are fine, but regulation comes first imo.