this post was submitted on 25 Apr 2024
1235 points (99.0% liked)
Political Memes
5521 readers
2098 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The shareholders could go poor while labor gets all the money and I still won't be happy. The shareholders have more power than the workers. Fixing wealth doesn't magically summon democracy and fix power imbalances.
Power imbalance is the sickness, wealth inequality is a symptom.
All companies need to be owned by their workers.
this is also true for customers - imo customers also need a stake in businesses especially ones that have anything approaching a monopoly.
The obvious solution would be a law that any company of a certain size should have 25% of its board nominated and elected by non managerial workers and 25% appointed by public election or appointed by an elected official.
Or just have the entire company run democratically. And before you say this can't work let me introduce you to a worker co-op with over $12 billion in revenue annually
I think this depends on the company.
Yes if there is monopoly, for sure, I agree.
Also companies offering essential services.
Most importantly social media. Social media is run by users, and they should have a majority representation. The social media company is just doing an IT service, really.
the workers can be shareholders though. some companies even pay a bit in stock or options. however, dividends are usually very low and most shareholders make their money with gambling the stock market, which has little to do with labor at all.
Sure but giving employees a tiny fraction of the company is not democracy. All workers must collectively own the company. And nobody who doesn't work there should get a say.
Also the whole thing I just said, it's not about wealth it's fundamentally about power.