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View Diary: Anti-Capitalist Meet-Up: Corporations Are Dictatorships (136 comments)

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  •  Because then workers will have to put the (1+ / 0-)
    Recommended by:
    erush1345

    capital into the company. Where will they get it?

    •  In some companies it is deducted from pay in small (1+ / 0-)
      Recommended by:
      NY brit expat

      amount over several years. As the coop workers make more than private workers, they are still doing well with the pay that is left over and when the advance is paid back to the coop, the workers take home pay will increase even further.

      De air is de air. What can be done?

      by TPau on Sun Oct 02, 2011 at 05:23:14 PM PDT

      [ Parent ]

      •  That's assuming that the company is a coop. (1+ / 0-)
        Recommended by:
        erush1345

        I have nothing against coops but there is also need for startup capital in many cases.
        When the company is still small, it is often not profitable. Would workers really agree to work for free and in addition to put their own money into the company initially? Coops may work better for established companies.

        •  start-up capital can be borrowed and paid (0+ / 0-)

          back; the way that this is done is not only through sale of goods, but contributions of wage income to repayment until the workers own the whole of the means of production. Profitable is not a criterion, what is needed is to earn enough on sale of goods to earn a surplus which could be invested back into the company or partially distributed back to worker-owners. Profits are a capitalist construction in that sense; surpluses have not always been realised as profits throughout human social and economic history, that is a reasonably new creation where a whole economy is based upon constant attempts to increase profits.

          "Hegel noticed somewhere that all great world history facts and people so to speak twice occur. He forgot to add: the one time as tragedy, the other time as farce" Karl Marx, The Eighteenth Brumaire of Louis Bonaparte .

          by NY brit expat on Sun Oct 02, 2011 at 05:40:13 PM PDT

          [ Parent ]

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