this post was submitted on 08 Feb 2025
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[–] [email protected] 14 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

The socialist democratically owned company would still elect a CEO or something like it to make those kinds of decisions, and if they don't make good decisions they can be recalled by the employees to be replaced with someone else. The way I look at it it would be like how companies are currently but with all employees owning shares of the company rather then outside investors or the owner of the company. Atleast that's how I interpret it but there's probably a million different ways you could set it up while still having it be much more democratic then the modern structure.

[–] [email protected] 2 points 2 weeks ago

True, and actually these companies already exist, at least in name. Not sure how well they function or how closely they follow what you describe.