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>> re-organizing into worker ownership and control > What makes you think such a system would work better than private or state ownership? Why would private o
by stetrain 2y ago
>> re-organizing into worker ownership and control
> What makes you think such a system would work better than private or state ownership?
Why would private ownership where the majority of shareholders are employees be worse than other types of private ownership?
I can think of a few advantages, like the shareholders being more motivated by long term sustainable business practices instead of squeezing for quarterly profits at the expense of the health of the business, or PE schemes like selling assets and leasing them back to the company to extract temporary value while setting the business up for failure.