this post was submitted on 17 Aug 2023
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I want to have a serious conversation on this if possible. As devil’s advocate, if I want to start a business that helps people, what would I have to do to not run afoul and garner this type of criticism? Are you indicating that I must relinquish my business once it gets too big and that I am only entitled to a certain amount of success? Are you indicating that I must pay my workers far beyond what the free market dictates they are worth? Trying to understand how those are my issues. It would seem to me that these would need to change with far reaching government policies. Those policies in many ways go against capitalist principles when you start to consider having to pay a janitor for a company hundreds of thousands of dollars if the company is successful and employees are paid in revenue share. That makes far less sense than the owner of the company reaping the benefit of their innovation. I would also argue that an entrepreneur will potentially use these earnings more interestingly than a janitor, potentially to start additional businesses that help the public by increasing offerings and jobs.
I don’t really have a direct reply to these ideas but I would like to point out an interesting example of a business model that addresses some of these concerns, that is the worker cooperative, where the workers have some portion of ownership of the company, either in revenue sharing or decision making.
Worker coops are wildly underappreciated. I'm a big fan of "workers' right to first refusal". If a business owner is selling, the workers have a given amount of time to match that offer and buy it themselves.