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Agreed, COOPs don't fundamentally change human behavior which has doses of greed. A large COOP monopoly will suffer the same fate as others'.

• shkkmo 2y ago
  This is an assumption and one that I believe is faulty. Humans' caring is often related to the degree of connection. Employees at a company are more closely connected to their customers than investors and are thus more likely to care more about those customers. Monopolies are still bad either way, but I doubt that the failure modes at employee owned monoploes is the same as at outside investor owned monopolies.
  • photonthug 2y ago
    Yeah. Saying "COOPs don't fundamentally change human behavior which has doses of greed" is like saying that a kingdom works the same way as a democracy since hey, it's all just humans. Simply involving more decision makers is a meaningful change. Certainly involving more decision makers that are outside of the business/legal/accounting class is a meaningful change.
    • shkkmo 2y ago
      Technically a worker owned Co-op is different from a company with an ESOP as described in this article. The article it links to has more details: https://www.nceo.org/articles/employee-ownership-by-the-numbers https://www.nceo.org/articles/employee-ownership-by-the-numb... There are a multitude of ways that employee ownership can be encouraged, required, or ownership can be limited to employees.