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> If every company was worker owned, you could still have a market economy and private property, but it wouldn't be capitalism anymore. Again, says who? Depen
by legitster 3y ago
> If every company was worker owned, you could still have a market economy and private property, but it wouldn't be capitalism anymore.
Again, says who?
Depending on your definition of capitalism, corporate charters pre-date capitalism! Corporate charters were rights granted by governments to pursue economic activity. What we define as the introduction of "capitalism" was the granting of individuals without nobility the rights to corporate charters.
Today, a corporation is still a government defined-entitity for the purpose of generating economic activity.
- pyuser583 3y agoThe first corporations were Benedictine monasteries that needed to own property independent of any individual member. As you say, it had nothing to do with capitalism. And non-capitalist corporations are still very much a thing. Labor unions are usually corporations.