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Everyone talks about wages, no one talks about profit sharing. So much of our current drama would be mooted by sharing those record corporate profits with labo
by specialist 5y ago
Everyone talks about wages, no one talks about profit sharing.
So much of our current drama would be mooted by sharing those record corporate profits with labor, by dialing back executive compensation, by returning to dividends vs buybacks (closing some more tax dodging schemes).
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Curious to see if Labor, agriculture, small businesses, and credit unions in the USA return to their roots: Cooperatives and collectivism.
A lot of progress in governance these last 60 years. Innovations like worker-directed social enterprises and class-B corporations. New orgs using modern bylaws could be far more resilient to vulture capitalists.
There's SO MUCH work that needs doing, needs begging to be fulfilled. And yet. Wall St and SPACs can't seem to figure out how to capitalize anything smaller than a unicorn.
- n-exploit 5y agoThere are many people in the co-op space, in the U.S. and abroad, working leverage technology to promote a more collectivist economy. Co-op start-ups have a surprisingly low rate of failure, relative to traditional corporate structures.