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Comment on But how would they be able to live on that?

Or you give the shares to people, but the company would still need to be managed by someone who no longer has a proportional incentive to make it succeed, causing the same result as if it was government run.

Would it? Give the shares to the workers and they have a huge incentive to run a company well. Right now a CEO’s only priority is to maximise shareholders return. A workers led company would maximise both shareholder return AND have an incentive and pride in doing a job properly instead of the low morale and poorly built crap we have today.

History has shown anytime control is in the hands of the few, it’s run into the ground in order to maximise the wealth for the few so giving control to the masses of workers in companies would lead to more compromises and might sound bad at first but would likely work better the more people required to make drastic changes.

And as said many times, no billionaire has ever ‘earned’ that. They’ve all gained it through exploitation and wage theft either directly or indirectly!

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DreamlandLividity@lemmy.world ⁨2⁩ ⁨months⁩ ago
So how do the workers run the company? A vote on every little decision? If not, you have to still have a CEO, for whom it is now far more profitable to make decisions that profit them rather than the company. And even if you vote on every decision, could most workers really understand what they are voting for.

Also, what about layoffs? While everyone loves to hate layoffs, they are part of keeping peoples work productive. Are the workers going to vote/approve them?

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- paulcdb@lemmy.world ⁨2⁩ ⁨months⁩ ago
  then that’s for the workers to decide on. If 51% of the workforce agrees, thats the decision! If that doesn’t ‘fit’ with the workers, make it 60% or 75%, or whatever number the majority agree on!
  
  It really isn’t that difficult. There are plenty of voting systems, the issue comes down to people and a change of thinking how companies are run.
  
  You can make any argument why it wouldn’t work when you don’t want something to work but given the current system is working soooo well… new ideas are better than no ideas! 😎
  
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  - damnedfurry@lemmy.world ⁨2⁩ ⁨months⁩ ago
    
    then that’s for the workers to decide on. If 51% of the workforce agrees, thats the decision!
    
    But the vast majority of workers don’t have the slightest idea how to run a business effectively. A very large proportion of them mismanage their own finances, let alone a larger responsibility like that.
    
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  - DreamlandLividity@lemmy.world ⁨2⁩ ⁨months⁩ ago
    You say that ironically, but average people in developed nations have arguably better lifestyle and more resources than kings used to. And living standard in developing nations have been steadily improving. The system is incredibly flawed because the humans in it are incredibly flawed. Considering how flawed it is, it is working astonishingly well.
    
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- Chakravanti@sh.itjust.works ⁨2⁩ ⁨months⁩ ago
  
  And even if you vote on every decision, could most workers really understand what they are voting for.
  
  Yeah because 32hrs would become 40 and we would discard another 8. 6hrsx4. When that happens we are no longer deprived of time edilucate and discuss the matter with the relevant folks.
  
  And even if you vote on every decision, could most workers really understand what they are voting for.
  
  Yes. Because of the above.
  
  Also, what about layoffs? While everyone loves to hate layoffs, they are part of keeping peoples work productive
  
  No. They aren’t. They actually doing the exact opposite. Your statement to contrary of the obvious is a sucker delusion. Stop consuming sugar to begin with and finish by stopping to listen to money.
  
  Are the workers going to vote/approve them?
  
  Yup. Your delusion is thinking that mass is any kind of importance. Its not when it is compared to life because shit might come from the magick of people but there will never be life as a part of them unless they were to begin with and in that case, you were never the creator. Workers MUST have the right to make decision where they work or the entire planet will die. No fucking exceptions with any financial delusions because ALL of it is doing and being exactly that.
  
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- r9seng@lemm.ee ⁨2⁩ ⁨months⁩ ago
  Bro what.
  
  Are you saying we need to lay off workers to scare the rest into line?
  
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  - DreamlandLividity@lemmy.world ⁨2⁩ ⁨months⁩ ago
    No, I am saying that often, company may need to downsize to remain productive. For example, lets say we have a company that makes headphone jacks. For obvious reasons, they are no longer able to sell as many as they used to, but maybe half.
    
    The company now needs to layoff half the workers, or have to workers. Is the elected CEO going to promptly do it? Or will he delay it and causing both financial damage to the company and productivity damage to the economy?
    
    And also, do the fired employees still get to vote? Is just firing malcontents the tyrant CEOs weapon?
    
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Crackhappy@lemmy.world ⁨2⁩ ⁨months⁩ ago
Winco

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