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Well, employee-owned corporations that aren't controlled by profit-hungry shareholders and the executives who service them are the only realistic way to avoid t
by photochemsyn 4y ago
Well, employee-owned corporations that aren't controlled by profit-hungry shareholders and the executives who service them are the only realistic way to avoid this problem. Investment capitalism inevitably pushes towards a world divided into wealthy rent-takers and impoverished rent-payers.
It's also not a good system of capital distribution for optimal real-world results, aka progress, due to the tendency towards the creation of stagnant monopolies, but state-run systems are not much better (or different). It doesn't matter much whether the Central Committee in charge of capital distribution is a Wall Street investor conglomerate or a Soviet cabinent of ministers, both systems have same structural flaws.