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.
Comment on Imagine if Amazon and all jobs out there were cooperatively owned?
Viking_Hippie@lemmy.dbzer0.com 3 weeks agoSo THAT’S where you want the goal posts now?
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.
ragebutt@lemmy.dbzer0.com 3 weeks ago
Viking_Hippie@lemmy.dbzer0.com 3 weeks ago
I don’t get why this is hard for you to understand
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.
to defend the right of billionaires owning an obscene amount of wealth.
I would never do any such thing. Billionaires shouldn’t exist and in fact neither should the stock market.
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.