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RE: Democracy at work - dr. Richard Wolff

in #economics7 years ago

I apologize if I came off mean-spirited, I just really hate that quack Richard Wolff. A worker's cooperative would have to be an investment by the workers. It's a risk, a venture. The challenge is finding workers willing to invest in each other. I imagine a lot of places have restrictions on how companies can be created, and that's a shame. If a group of workers are willing to pool their resources (i.e. risk their investment), they should be allowed to do so; they shouldn't be forced to receive grants from the government. I can see how a crypto-currency might help get around these restrictions. How would you propose the system work?

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The worker always invests in the business.

In a capitalist business that investment goes to the shareholders.

You are right about needing to find the right workers.
Many workers are still brainwashed into this adversarial position;
That can be difficult to break out of.
Still, It can be done by most people.

In a workers' coop, the workers would be the shareholders (or simply owners, depending on the corporate structuring). So there's room for a coop in a capitalist society. In fact, I was curious, because a worker's coop is certainly attractive in its own way. If you are in North America, visit https://usworker.coop/member-directory/ and you can browse a number of workers' coops in the US.

That right there are some in the US. I want to see more It is much more difficult to get them funded where I feel cryptocurrency can help.