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A comment on "About half of Bandcamp was laid off today". Parent comment

Re:"About half of Bandcamp was laid off today" by tacocataco on Tuesday October 17, 2023 @01:17AM (#37910891)
Depending on the size, the city/state could purchase the company and loan it to the employees.

If the the loan gets paid off, boom... co-op equally owned by the workers.

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Re:"About half of Bandcamp was laid off today" by lotsofpulp on Tuesday October 17, 2023 @02:06AM (#37911201)
Sounds like the perfect recipe for corruption.
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Re:"About half of Bandcamp was laid off today" by WJW on Tuesday October 17, 2023 @02:39AM (#37911390)
And if the loan doesn't get paid off? That city/state is now in a huge hole, having spent money that could've been used to build schools and maintain roads on buying companies off their retiring owners.

In any case I don't see why you would need the detour via local government? A bank could lend the money to the group of employees just fine.

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