191–200 of 311 posts
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Also maybe do it across a few more industries.
Also maybe move whatever other goalposts you can find until the Marxist theory begins to make sense.
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> Incidentally co-ops are not mutually exclusive with Capitalism (private property + market economy), As I just explained, that's not what capitalism is. Capitalism is a relatively new invention (~500 years) that arose from the ashes of feudalism. Exact same economic structure. Different exploiters. Consider this: markets exist in supposedly non-capitalist countries. They existed in the Communist bloc. We've got cune…
Private property under feudalism wasn't available to all. There can be no capitalism without liberalism. Property rights as a matter of law and everyone being equal under the law is essential. Earlier partial market economies were in practice more like command economies with relatively small free markets in certain sectors.
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Galois.com, pretty famous in the software correctness area, is kinda a co-op right, as it is employee owned?
Not exactly. Galois employees are beneficiaries of the ESOP trust that owns the shares, rather than direct owners as in a prototypical cooperative.
This seems to be fairly unique in its breadth of different enterprises. Most co-ops seem to stay in a single industry e.g John Lewis with 80,000 employees in UK retail or the many agricultural/distribution co-ops owned by farmers. Wikipedia page is a clearer read: https://en.wikipedia.org/wiki/Mondragon_Corporation
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Co-ops in the US seems to be particularly popular in agriculture.
Quite, and encouraged by the USDA, see e.g., https://www.usda.gov/topics/rural/co-ops-key-part-fabric-rur... >. Producer co-ops generally are at least somewhat prevalent. Two notable former examples are Visa and Mastercard (they've since reverted to publicly-traded corporations, in the aughts). Both were originally formed as co-operative ventures among member banks, effectively a producer co-op. I've looked into work…
You missed a chance to mention PCC Community Markets, the USA's largest grocery store co-op, who are also located in Seattle!
(And just like Amazon, PCC was recently in a union labor dispute!)
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Quite a few construction companies too.
Seems to happen once the founder retires. My little brother's tile laying business is going to distribute ownership to the employees based on years + skill once the founder retires. They're already highly paid and treated well (they even have a 401k match which is surprising for a little 30 employee construction company). I think it's the way to go unless you have heirs that you want to run the company.
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Seems to happen once the founder retires. My little brother's tile laying business is going to distribute ownership to the employees based on years + skill once the founder retires. They're already highly paid and treated well (they even have a 401k match which is surprising for a little 30 employee construction company). I think it's the way to go unless you have heirs that you want to run the company.
That sounds different than a co-op. The interesting and tricky part about a co-op is navigating entry and exit.
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No it wouldn't, see here for example: https://www.investopedia.com/articles/markets/011516/top-5-g... . All Google employees combined own probably less than 1% of the company. They would need to own at least 50% to accurately call it employee-owned.
.. to be too pedantic, but it's only less than 1% if you exclude the founders, who are still employees. (and possibly Sundar?)
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Also maybe move whatever other goalposts you can find until the Marxist theory begins to make sense.
Haha, imagine being the type of person who attacks anyone who criticizes ultra-high C-suite salaries by calling them a "Marxist".
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Private property under feudalism wasn't available to all. There can be no capitalism without liberalism. Property rights as a matter of law and everyone being equal under the law is essential. Earlier partial market economies were in practice more like command economies with relatively small free markets in certain sectors.
Monarchs and nobles having estates is functionally indistinguishable from private property.