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Eh, it’s a complex issue but generally that won’t do. When I talk about the workers “owning” a piece of the economy I’m including an important part of most owne
by TaylorAlexander 5y ago
Eh, it’s a complex issue but generally that won’t do. When I talk about the workers “owning” a piece of the economy I’m including an important part of most ownership which is executive control. If a group of workers own their business they can also control how the business is used. This leads to more democratic outcomes. And actually “ownership” as shorthand isn’t exactly accurate as Richard Wolff argues that the important part is worker control, but they do not strictly need to own the business - they could sell shares of their business to investors who would get a cut of profits. What is actually important is worker control over the means of production, and sometimes I use “ownership” as a slightly incorrect shorthand.