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That's basically just cooperative, and the main issue is that they end up not being competitive with corporation. We used to have a lot of cooperatives in Vietn
by NhanH 5y ago
That's basically just cooperative, and the main issue is that they end up not being competitive with corporation. We used to have a lot of cooperatives in Vietnam, they got outcompete by capitalist corporation over the past 20 years.
- runarberg 5y agoYeah, Carl Marx died in 1883. The economy has changed a lot since then so perhaps his ideas shouldn’t be taken at face value. However I believe he saw his solutions as being applied on a societal level, i.e. no single corporation could fix this on its own. Socialists today still believe this and seek regulatory frameworks which will enable cooperatives to thrive in a better economy, and not simply be out-competed by capitalist corporations as they are today.
- m_ke 5y agoYeah there's a podcast called "all things co-op" that covers this in detail. https://podcasts.apple.com/us/podcast/all-things-co-ops-podcast/id1479409897 https://podcasts.apple.com/us/podcast/all-things-co-ops-podc...