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Technically you're free to buy a super yacht although funding that purchase might be a challenge. Worker co-ops tend to do quite well once they're funded. They
by captainbland 4y ago
Technically you're free to buy a super yacht although funding that purchase might be a challenge.
Worker co-ops tend to do quite well once they're funded. They're not exactly prone to blowing up into unicorns (although there is e.g Mondragon) but their survival rate tends to be quite high. Suma wholefoods is an example of the resiliency of co-ops, they've basically totally discarded market based compensation rates in favour of a more ideologically driven, flatter model yet have been going strong for decades.
The problem is usually securing that funding in the first place. They seem to actually be more likely to pay off loans but less likely to get them. This is partly because banks generally want an individual to take responsibility for any loans and are uncomfortable with making a larger group collectively responsible. I suspect there's also a degree of prejudice against them because of the association with socialism even though they still operate in a market.
Equity is generally a difficult one as well as generally the members' control of a workers' co-op is derived from their ownership stakes. There are hybrid co-ops where some of the shares of the company are sold to external investors, but obviously this dilutes the model.
Worker co-ops have some success but require atypical financing to get off the ground which has limited the success of the sector.
- themoonisachees 4y agoJudging power structures by how often they turn into unicorns is nonsensical at best. The concept of a unicorn is exactly why you can't judge based on that. There have been so few co-op unicorns because there have ben so few co-ops, the fact that there has been at least one already is a statistical anomaly (because unicorns are statistical anomalies by definition)
- someguydave 4y agoIf communist ideologies were the secret to corporate success you would see them being implemented everywhere.