3 ms·

Can you elaborate on where and how that was tried? Seems very interesting.

• emteycz 5y ago
  All of Eastern Europe pre-1989, and most of the same countries for few years post-1989, until they realized this is going nowhere and privatized.
  • verinus 5y ago
    not only eastern europe. here in Austria we had several companies that were state owned. Problem was, that then there is politics coming into play and hiring is not about business facts but politics. This resulted in highly inefficient companies as the objectives did not align any more...
    • emteycz 5y ago
      Exactly. Also, firing established people who stop contributing is impossible (they'll plead "it's political"), and hiring new people for good wages is impossible too because "that's not according to our tables of wages" (both of these problems are not theoretical, every state company here today has them).