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I am a huge fan of worker co-ops, but I think you’re confusing creating wealth and distributing wealth. Co-ops do an excellent job of distributing wealth, and
by mercutio2 7y ago
I am a huge fan of worker co-ops, but I think you’re confusing creating wealth and distributing wealth.
Co-ops do an excellent job of distributing wealth, and in the case of a few such as Mondragon, they’ve been able to create wealth, also.
Startups can, in the economic jargon, create wealth, if they create a product whose benefit to society is greater than its costs (including externalized costs and subsidies). But they don’t necessarily distribute much of that created wealth, it all depends on how the capitalist relationship with labor and consumption are structured in that environment.
- vincent-toups 7y agoI don't consider funneling money to people for whom its marginal value is small as creating wealth. If it doesn't change your life to get it, its not wealth.