Comment on Imagine if Amazon and all jobs out there were cooperatively owned?
Viking_Hippie@lemmy.dbzer0.com 3 weeks agohe’s not liquid
Who gives a fuck? Wealth is wealth and his equity is his security for the low to zero interest loans from where all his spending money comes.
None of the “richest Americans” have near the amount of wealth they appear to have
Again, yes they do. Illiquid wealth is still wealth and is the basis of rich people getting to spend as much as they want with little to no risk compared to people who DON’T have a dragon’s hoard in stock for the above infinite money exploit to work.
This is what people mean when they say workers should own the means of production tho
Nah, when people say that workers should own the means of production, they’re talking about ACTUAL ownership, not bonuses from the owner.
ragebutt@lemmy.dbzer0.com 3 weeks ago
No, they’re saying they should own the means of production. Which in the modern context means equity in the company. All 876,000 employees could be given a 105,000 bonus in terms of stock and then they’d own Amazon equity, done
Viking_Hippie@lemmy.dbzer0.com 3 weeks ago
So THAT’S where you want the goal posts now?
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Equity isn’t the means of production. The means of production are what produce the products and services, not what produces the capital. What you’re talking is the means of profiting.
If you were talking about a financial company where wealth for the sake of wealth IS the only product, you’d be right, but Amazon isn’t that.
Emma_Gold_Man@lemmy.dbzer0.com 3 weeks ago
Except that shareholders vote on the board of directors, who make decisions like hiring and firimg the CEO, executive compensation, and overruling executive decisions. It’s two levels of indirection, but in the end the shareholders DO control the means of production.
There are exceptions to this when thete are multiple classes of shares - one voting and one nonvoting for example. This doesn’t apply in Amazon’s case that I can see.
ragebutt@lemmy.dbzer0.com 3 weeks ago
There are no goal posts here. The workers can’t own the machinery in modern times because American companies rarely manufacture anything so they they own stock. Instead of jeff bezos and a small handful of executives (plus uninvolved “shareholders”) owning the bulk of the amazon the workers own the company. I don’t get why this is hard for you to understand and why you are making strange semantics arguments to defend the right of billionaires owning an obscene amount of wealth.
Viking_Hippie@lemmy.dbzer0.com 3 weeks ago
I understand perfectly fine, I’m just pointing out the fact that you’re wrong when conflating the means of PRODUCTION with the methods of wealth accumulation in a company that actually produces nonfinancial goods and services.
I would never do any such thing. Billionaires shouldn’t exist and in fact neither should the stock market.