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Every company should be owned by its employees
(www.elysian.press)
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this post was submitted on 25 Jul 2024
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This is a purely hypothetical concern that may have already been addressed...
Is there any mechanism that can align local co-op incentives with global problems? So would the factory worker in Missouri care just as little about climate change as the investor in Dubai?
Doubtful, it's not a solution but it is something I think could be better than having an Elon or Bezos at the helm of these things and praying that the next huge monopoly man may be benevolent. Even though benevolence is filtered out of businesses at a much lower level before a company goes public.
The hope would be that the people in Dubai are also represented. Since they are represented there would be more effort needed to decide to make choice.
And nothing says the people in Missouri wouldn't just be happy draining their own lake. Point would be that they're at least getting a say and will have to actually face their community rather than some executive.
It's a step towards something better rather than a panacea