1st April 2020, 4:48 PM
(30th March 2020, 6:23 AM)Sacred Jellybean Wrote: I would pay good money to watch Rtan and Brian get blitzed, and even more to join them.It's not just an interesting idea, it's how companies used to work. It's stakeholding.
I started to write up my political beliefs a week or so ago, then lost interest, but I'm interested in an idea that DJ floated: eliminating the stock market and giving each worker a stake in the company they work for. Can you explain this a bit more, or point me towards some literature? I think it's an interesting idea.
https://en.wikipedia.org/wiki/Stakeholder_(corporate)
Here's a general description of the idea in terms of responsibility and who is necessary for a company's existance. In the past, rather than random people (usually upper middle class and up) buying stocks in a company, the company's workers owned it. It was considered a perk of working for a company, getting stake in it's future directly. This also ties into the pension plans of old as opposed to modern 401Ks. This is one of those cases were the old ways were better, and the reason is because the "new ways" never were meant to benefit the workers, they were meant to benefit the top. A return to that would benefit everyone, and it would turn every company into it's own Union in a matter of speaking. By doing this, employees would be able to directly demand representation on the board of directors. Of course, the owners of these companies do NOT want that, but ultimately this is the way forward.
"On two occasions, I have been asked [by members of Parliament], 'Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?' I am not able to rightly apprehend the kind of confusion of ideas that could provoke such a question." ~ Charles Babbage (1791-1871)