Then, once the incentive to work no longer exists, the new bosses can provide a new incentive: being allowed to continue breathing.
Exactly. Your voice is governed by the number of stocks you own. Own 10k and you have ten thousand votes. You have 5 shares, you get 5 votes. Hardly democratic.
Is this the way decisions ought to be made? Not very democratic. Or are you against the very thing we claim to try and bring to other countries?
Is this the case for the majority of worker-owned corporations?
So you donât have to join a worker co-op.
True. Democrats are just another corporate party like the Republicans.
I think you missed your own joke. Even though it wasnât as good as the one your mother played on mankind, it was still funny.
Edit:
No.
Okay.
Iâm not part of that âwe.â
In regard to the railroad workers, how can they collectively bargain when their ability to strike has been squashed by the âfriend of the workerâ Jim Crow Joe Biden and the corporatist politicians in both parties?
Dude, that is as fair as anything could possibly be.
Your voice is exactly proportional to your investment.
When you factor in annual stock awards its a great incentive to stay long term.
What are your thoughts on Home Depots practice of doing this? I mean, you have people that have been working there for 10 or 15 years making a modest hourly, but all told doing Very well.
These things are cumulative.
Glad to see youâre against American imperialism.
So do you deny that things are done to create a lopsided wealth distribution?
When a concentration of wealth is under way power tends to accumulate and crowd-out.
Donât try to put words in my mouth.
I would never deny that. I know this as a fact intimately. I just donât let it stop me.
Then what you previously posted is not fair. Concentration of wealth has itâs consequences and they arenât good.
You cant just declare something unfair.
My position is âPeople who stay long term are rewarded with ownership priveleges for their effort. That gives them a vested interest in the long term function and profitability of the company.â.
Now give me your response with something slightly more substantial than âThats not fair.â.
And what about the concentration of wealth and power? Why are the effects discounted in your gullible statement?
Yes.
Bullshit. Their ability to strike consequence free is gone. They can always strike. Just gotta ânut up or shut up.â
Because it accumulates in the posession of the people who are creating it.
So it seems that, according to you, employee ownership is bad. Private ownership is also bad, and virtually anything can be declared unfair or also bad arbitrarily.
Am I following you so far?
Iâm happily employed at a successful ESOP, which is the closest thing to workers âseizing the means of productionâ that is sustainable without government subsidies or outright authoritarianism.
If anything, the basic principles of economics and free market forces apply even more at an ESOP. Employee-shareholders are a double-edged sword, especially when they arenât fully vested, and ESPECIALLY when theyâre fully vested and sitting on six figures of stock. A few bad apples can sink the whole ship really fast in a small to mid-sized business, which means you canât treat every person you hire as an âownerâ of the company. The employer/employee dynamic still exists, and for very good reason.
No matter what, you still need the same leadership tier of âemployee-ownersâ to ensure the success of the business, because if the other âemployee-ownersâ were all authorized to spend money, make hiring/firing/promoting decisions, set day-to-day priorities and evaluate their own performance, you wonât be part of a successful ESOP for much longer.
You can shout your communism from the highest rooftops if you want, but you canât outrun the reality of human nature.
Iâm hoping for a wildcat strike. And what consequences have the owners felt? Nothing as the corporate Congress and corporate President have once again sided with money and power. They can make record profits and deny the workers sick pay. Fuck them! Greedy assholes. American late-stage capitalism is a thing to worship.