Every company should be owned by its employees

Re:Every company should be owned by its employees by shkkmo on Thursday July 25, 2024 @09:44AM (#41068619)

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.

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Re:Every company should be owned by its employees by photonthug on Thursday July 25, 2024 @12:25PM (#41070489)

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.

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Re:Every company should be owned by its employees by shkkmo on Thursday July 25, 2024 @03:23PM (#41072369)

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-numb...

There are a multitude of ways that employee ownership can be encouraged, required, or ownership can be limited to employees.

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