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One path to improving ones lot in areas like this, particularly for high-labor content businesses, might be to form cooperatives. I think you tend to see more i
by dv_dt 8y ago
One path to improving ones lot in areas like this, particularly for high-labor content businesses, might be to form cooperatives. I think you tend to see more in some business areas where it's almost all labor-content, but if there could be some better capitalization path for cooperatives I think we would see a lot more of them. Some papers indicate that they can operate more efficient than the average business (though I don't think that's a guaranteed thing).
- knuththetruth 8y agoWhy not both? :)
- dv_dt 8y agoOh, I'm not excluding both at all, but in the previous posters warehouse example, it's difficult for a group of laborers, even if already supremely knowledgeable about the warehouse business, to get the capital to buy a warehouse and start their own coop. I've been thinking in the background of how one might setup a process for that kind of "coop lending/setup/tech" service. One thing I've read articles about is how unions actually control a lot of pension type funding, and that either legal restrictions, or even conventional financial management practices shut out that money from use as a community lending source. Added: There are other sources of capital, but unions in theory and with some historical examples, have something of a common interest, and that kind of funding/lending has happened in the past.