Why are capitalists so afraid of worker cooperatives?
in Close to Politics ·
Benjamin Taylor6 said:You completely missed the point here.
Some massive American corporation was looking to swoop in, buy out the place, and toss everyone onto the street.
That’s how those Americans would have wiped out the competition entirely.
But the workers saw it coming—they actually caught wind of it—and they stepped up to buy the shares themselves.Anyway, moving past your trolling—the real issue is that every single capitalist dreams of seeing worker-managed competition, mostly because, let's face it, those self-managed groups usually don't have a clue how to run a business.
We really need to draw a line between the way things work in the USA and actual Western capitalism.
In our version of capitalism, the rules are just... different. And by different, I mean "my company's profit depends entirely on who I know in politics and how well I can manipulate, cheat, and embezzle."
Our local "self-managers" tend to pick up the business basics pretty quickly once they realize they're about to lose their livelihoods.
The key is whether the current management decides to back them or not.
If the board wants to buy the company without involving the staff, we end up with a situation very similar to what happened at the firm where I work: drive the company right to the edge of bankruptcy, then buy it all up for pennies on the dollar. And then? You step in and pose as the hero saving the day!!! 😲 😂 😲
Exactly! This isn't even real capitalism—it's more like this weird, unnatural mashup of an interventionist government and their little buddies running the market. Everywhere you look, it's just cronyism born from having way too much power concentrated in the hands of the state.
So, yeah, it's strictly the government and its bloated, overreaching authority that's to blame for this mess. If we want things to actually change, we've gotta rein in that power wherever we possibly can.