Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by dash2 on Friday August 16, 2024 @05:49AM
(#41264838)
Perhaps 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 ...)
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.