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Capitalism will eat democracy, unless we speak up

47 pointsby monsieurpngover 7 years ago

4 comments

closeparenover 7 years ago
This does not even slightly account for risk. If all compensation is profit-sharing and I&#x27;m not a rich saver with a mountain of idle cash, it would be suicide to work at a new company, and impossible to build a company on the basis of a large initial investment that pays off over time.<p>The ideas that you take your earned equity with you when you leave, and that companies would be owned exclusively by their current workers, are mutually incompatible.<p>As with most critiques of capitalism, the attempt to propose an alternative is lazy and poorly considered.
paulddraperover 7 years ago
&gt; A mountain of idle cash belonging to rich savers and to corporations, too terrified to invest it into the productive activities<p>I was not familiar with this. AFAIK cash hoards were to avoid taxes on productive activities?
mc32over 7 years ago
It has arguably already eaten communism in many ways -even Yannis says so... Even good old Cuba is capitulating.
wmcculloughover 7 years ago
From my perspective, it already has.