I think it’s a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more.
Seems alright with me tbh.
It isn’t a great idea even in theory. Even ideally, workers inalienable rights to appropriate the fruits of their labor and to democracy are still violated. These rights flow from the moral principle that legal and de facto responsibility should match. In a company, employees are jointly de facto responsible for using up the inputs to produce the outputs, but receive 0% of property rights and liabilities. The employer is held solely legally responsible resulting in a mismatch
Maybe stock market was a mistake?
Our implementation certainly is.
See Norwegian Sovereign Wealth Fund for more…
I think it’s a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more. Seems alright with me tbh.
But nowadays it just seems like a fucking casino.
Needs more socialism. But we know how that goes…
It isn’t a great idea even in theory. Even ideally, workers inalienable rights to appropriate the fruits of their labor and to democracy are still violated. These rights flow from the moral principle that legal and de facto responsibility should match. In a company, employees are jointly de facto responsible for using up the inputs to produce the outputs, but receive 0% of property rights and liabilities. The employer is held solely legally responsible resulting in a mismatch