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I think the answer is employee-owned companies. This necessitates falling away from capital-driven growth machines, because introduction of capital dilutes owne
by jdmichal 10y ago
I think the answer is employee-owned companies. This necessitates falling away from capital-driven growth machines, because introduction of capital dilutes ownership and destroys the whole concept. And then you have to figure out how to be competitive with those capital-driven growth machines, which is a real problem when sales are driven by whatever is cheapest at Walmart / Amazon.
- metaphorm 10y agoI agree with that solution. The best real world example of it is the Mondragon Corporation[0], but it's an interesting and versatile idea and I'm sure many different versions of it could be successful. I really favor this type of solution because it solves the alienation problem without throwing out the baby with the bathwater. This is a business structure that appropriately distributes the profits of labor, and I think that is the only thing that will get us out of our current predicament. The current American system of funneling profits to the 0.0001% while locking the working population into lifelong wage slavery is not sustainable and I fear for the future if things go on like this for much longer. [0] - https://en.wikipedia.org/wiki/Mondragon_Corporation https://en.wikipedia.org/wiki/Mondragon_Corporation