14 ms·
> There do exist worker-managed companies under capitalism, they consistently underperform. Of course, according to a metric, how much money I can make out of
by js8 2y ago
> There do exist worker-managed companies under capitalism, they consistently underperform.
Of course, according to a metric, how much money I can make out of an investment, without having to do any work, they underperform!
> There also exist (and have existed) worker-managed companies under various forms of socialism, those were an utter disaster
This is simply not true. Where it was a disaster, it was for the similar reason, workers didn't have the stake in the company.
> Bonuses, raises, equity.
Possibly but you have no say how these things get distributed, and they still are only a small portion of what the investors get.
- dash2 2y agoPerhaps you could name some worker-managed companies under socialism that did well - for example, East German companies that subsequently managed to compete against their West German peers. I can think of one - Zeiss Jena - though I don't know how truly worker-managed it was. (For some reason, the East Germans were very expert at manufacturing lenses ...)