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Prof. Richard Wolff proposed solution to this is worker-owned cooperatives. You'll see a lot of his work on this on his books and in interviews and talks. The
by profalseidol 9y ago
Prof. Richard Wolff proposed solution to this is worker-owned cooperatives. You'll see a lot of his work on this on his books and in interviews and talks.
The Mondragon umbrella of cooperatives in Spain, a multi-billion dollar corporation had to cut down employees during the recession. But instead of simply firing people, they were given options including offers to re-skill and compensation (like commute). The whole corporation paid for this. Even in this ultra hostile capitalist world, we've now a case where a large scale cooperative can survive the cycle of capitalistism's overproduction and over-exploitation.
Ofc this is all work in progress, and nobody knows what problems it will face. But certainly we need to do something about the current Capitalism.