this post was submitted on 20 Aug 2023
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[โ€“] dingus@lemmy.ml 7 points 2 years ago* (last edited 2 years ago) (1 children)

Even in a market dominated by socialist companies where workers have power. Workers having ownership isn't some panacea against corruption and willingness to dominate others. You can still end up with a company full of terrible people who have no qualms cornering a market and then committing to rent-extraction. They can even commit to those horrible practices in an internally democratic way!

[โ€“] GarbageShoot@hexbear.net 23 points 2 years ago

If the working population is deciding the laws democratically, then there's a good chance of laws against monopolies and trusts being more binding than they are under capitalists, not that I care as much about the co-op model of socialism.