A better way to state this is that the problems we're facing today are due to the whims of capital owners and management, not labor.
We could have a system where companies don't do layoffs, and workers sit on 50% of board seats, and democracy in the workplace is standard.
I wonder how many majority shareholders truly want the billions of dollars in stock that comes with that, knowing that their wealth deprives countless thousands/millions of people of their opportunity. Would they be ok with a different kind of corporate structure? Something like a cooperative where management and the CEO are elected by workers, and difference in pay doesn't exceed perhaps 10:1?
We could have a system where companies don't do layoffs, and workers sit on 50% of board seats, and democracy in the workplace is standard.
I wonder how many majority shareholders truly want the billions of dollars in stock that comes with that, knowing that their wealth deprives countless thousands/millions of people of their opportunity. Would they be ok with a different kind of corporate structure? Something like a cooperative where management and the CEO are elected by workers, and difference in pay doesn't exceed perhaps 10:1?