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This is interesting. Can you suggest any resources that lay out concrete proposals for how this could work in practice? Are there examples of where it has alrea
by rmcpherson 10y ago
This is interesting. Can you suggest any resources that lay out concrete proposals for how this could work in practice? Are there examples of where it has already worked in the world?
Some questions:
1. Wouldn't there still be a need for capital to finance risky ventures that take a long time to create value? How would a forward-looking startup with high capital costs, such as a biomedical device company with unproven technology, work in this economy?
2. How do you measure the value labor creates?
3. Is the allocation of resources among labor proportional to the value it creates? How does that work among a team of specialists that are more than the sum of their parts?
I'd genuinely like to understand whether this could work or has worked.
- dbingham 10y agoRichard Wolff and Gar Alperovitz have both written about alternative economies based in part or in whole on worker cooperatives. If you're just curious about how worker cooperatives work in the existing economy, read up about Mondragon or the South Mountain Company. A good book about the latter, written by its founder, is Companies We Keep by John Abrams. http://www.chelseagreen.com/business-economy/companies-we-keep http://www.chelseagreen.com/business-economy/companies-we-ke...