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Class Warfare (lemmy.world)
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[-] 52fighters@lemmy.sdf.org 16 points 1 week ago

"On our side" means distributing ownership to the workers who operate his businesses.

[-] qyron@sopuli.xyz -4 points 1 week ago

As in co-ops? Or share distribution?

Co-ops failed miserably, after a fabulous period of success, from within. All cases that I have knowledge of failed from a terrible mix of internal suspition, scisms and excessive bureaucracy, with simple decisions requiring long meetings between members, to no success.

Share distribution often fails because people want just cash out.

[-] jahashar@sopuli.xyz 10 points 1 week ago

Actually - co-ops work wonderfully. Largest grocery chain in Finland (S-chain). Everywhere Scandinavia (COOP). UK. Rural America. Israel. Decades of success.

And many if not most software startups deal out shares. Great way to bind the blue collar workers.

It's the venture capital and just sometimes the grabby founders that cash out...

[-] qyron@sopuli.xyz -1 points 1 week ago

Good to know. Not the case in my country. Co-op failed miserably for the reasons I exposed. And share based companies are very rare here.

[-] jahashar@sopuli.xyz 3 points 1 week ago

Here's the 100 largest coops in the US: https://impact.ncb.coop/hubfs/Co-op%20100%202023%20Report%20-%20ADA.pdf

Combined more than 300 billion USD revenue. Not peanuts.

Here's a few networked coops with each more than 2 million members, from the nordics:

https://en.m.wikipedia.org/wiki/Coop_amba

https://en.m.wikipedia.org/wiki/Kooperativa_F%C3%B6rbundet

https://en.m.wikipedia.org/wiki/Coop_Norge

https://en.m.wikipedia.org/wiki/S_Group

https://en.m.wikipedia.org/wiki/OP_Financial_Group

Cooperatives do work wonders, unless they are purposefully destroyed with adversive regulation.

Also, employee stock options rock.

this post was submitted on 15 Dec 2024
661 points (98.4% liked)

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