Comment on Thomas Edison was the Elon musk of his era
PotatoesFall@discuss.tchncs.de 2 months agoinvestment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
Comment on Thomas Edison was the Elon musk of his era
PotatoesFall@discuss.tchncs.de 2 months agoinvestment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
RestrictedAccount@lemmy.world 2 months ago
If nobody has profits, what is there to invest?
PotatoesFall@discuss.tchncs.de 2 months ago
You can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
RestrictedAccount@lemmy.world 2 months ago
Loan what? Banks can only work if someone has already made a profit that they can invest.
PotatoesFall@discuss.tchncs.de 2 months ago
Yeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.