3 ms·
What problems do you think co-ops would meaningful address? Don't the perverse insentives still exist? Only who benefits changes.
by valiant55 3y ago
What problems do you think co-ops would meaningful address? Don't the perverse insentives still exist? Only who benefits changes.
- oldbbsnickname 3y agoI don't understand your question. Co-ops led by other values other than treating customers as the product to exploit. Do you not understand democratic socialism?
- chii 3y ago> Do you not understand democratic socialism? i only understand that a system which require altruistic behaviour will not be stable.
- valiant55 3y agoYeah, that was kind of my point in asking the question. Handing over companies to the employees might improve conditions for the employees but it does little to change any profit incentives they have. We need regulation and/or other external factors that force the fiduciary duty of companies (whether they be private/public/co-ops) to prioritize health, well being, privacy and the environment of both the employees and the customers.
- surge 3y agoCo-ops just make the employees the shareholders, the shareholders still want to maximize profit. It might improve working conditions but there's still no hard incentives to treat the customer any better at the expense of profit. Currently companies already have a profit incentive structure in the form of yearly bonuses or stock options and that's not lead to greater concern for consumer focused policies.