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By the way, what if a new form corporation could be introduced (not to replace the classic but as an alternative): a democratic corporation governed by all the
by qwerty456127 8y ago
By the way, what if a new form corporation could be introduced (not to replace the classic but as an alternative): a democratic corporation governed by all the people who work there the same way democracies work. So every employee would vote to elect the board members or the CEO. Could it be viable?
- tathougies 8y agoThis is called a 'cooperative' and yes it's totally viable. Every corporation is a democracy, except the shareholders are not always the employees. In a coop, the shareholders (or at least the majority of shareholders) are employees (usually due to compensation schemes that give employees stock). There are several examples of large coops, such as Mondragon, Winco, Publix, etc. They do not require any extraordinary corporate structure, and are completely compatible with the kind of free market capitalism many 'Western' countries have today.
- qwerty456127 8y agoWhy are there no cooperatives of this kind in the IT industry?