News for hackers. Stuff that matters.

A comment on How to get rich without being lucky (2019). Parent comment

Re:How to get rich without being lucky (2019) by WalterBright on Sunday May 23, 2021 @04:07PM (#27258090)
> more efficient ownership model

If worker collectives are more efficient, why are they unable to compete with shareholder corporations?

[ Parent | on HN ]
Re:How to get rich without being lucky (2019) by andrepd on Sunday May 23, 2021 @07:53PM (#27259726)
Because capital is private, so non-profit-motive-driven, cooperative enterprises cannot access the capital necessary to operate.
[ Parent | on HN ]