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Or change the structure of corporations in practice to many more cooperatively owned and democratically operated businesses. In this way, the actions of the cor

Or change the structure of corporations in practice to many more cooperatively owned and democratically operated businesses. In this way, the actions of the corporations will much more reflect the needs of the people instead of reflecting the needs of an elite board of directors. And in that world, the government only needs to do things like provide legal support for new cooperatives, laws that allow/require employees to purchase the company via right of first refusal laws, etc. Obviously moving control from elite company owners to government bureaucrats is not going to be much better for society.

jnordwick 7y ago
And who funds these cooperatives? They'll still get some money, but probably not though to run many of them. I'm certainly not going to be as free investing in cooperatives. Most probably won't be run well and die off. This would probably lead to single large companies as very few could run themselves efficiently.
- simple_phrases 7y ago
  > Most probably won't be run well and die off. This is already the case with privately owned companies.
- solidsnack9000 7y ago
  The same people who invest most of the money -- big funds that invest in a diverse portfolio instead of one or another company's specific strategy per se. Investors are always happy when they hit a Whole Foods or an Amazon but you can't invest a whole pension in companies like that.