this post was submitted on 20 Aug 2023
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Even in a market dominated by socialist companies where workers have power. Workers having ownership isn't some panacea against corruption and willingness to dominate others. You can still end up with a company full of terrible people who have no qualms cornering a market and then committing to rent-extraction. They can even commit to those horrible practices in an internally democratic way!
If the working population is deciding the laws democratically, then there's a good chance of laws against monopolies and trusts being more binding than they are under capitalists, not that I care as much about the co-op model of socialism.