Imagine the change that could happen if every person in a town/neighborhood got together and said, “we've got enough provisions to share with each other, so until it runs out we're not going to work.”
The entire owner class needs to be deposed. The underlying reason costs and thus prices are out of control is that owners aren't willing to take a smaller cut.
Every person who works in a business should share equally in the profit generated by it. But right now, those at the top get the overwhelming lion's share of money. For doing what, exactly?
@bike 💯 yes, as someone who's been this kind of small business owner -- plying a trade, really -- I agree. In my mind, owner class refers to oligarchs/lords and everyone getting a fat bank account off such. I'm very pro independent, mom+pop small biz / sole trader kinda thing. If done ethically (which is so much easier than if a big corp), it's a great way to empower those actually doing the jobs on which society relies.
Divide the profit of any big company up by the number of employees and tell me said company needs to make that much. Not a chance. Employees could be paid a much fairer wage and prices could come down significantly in ~every case.
I've spent my whole life+career doing things cheaper. There's absolutely zero reason for such a huge percentage of everything bought/sold to be profit.
@trendless There's all the reason in the world for capitalists. You can't force people into eternal selling of their labor in terrible conditions if you don't deprive them of everything they need and want. :holdthepain:
Every human needs and deserves to make a living and yet that's exactly what's being withheld, even as the absolute profit keeps growing -- just as the investors demand.
@trendless this guy says the quiet part out loud. The investor class wants all the money and they want everyone else poor so the poor are desperate and do what they are told.
Maybe there's an edge case, but in most businesses, unless someone's doing a job they don't need a cut of the profit. Holding the shares (whether public or private) is not good enough, imo. I'm sure there are nuances/exceptions, but..
@trendless I’m not sure if im misreading here but Magna actually took something like 10% of profits and paid out to employees in cash. (My first job after graduation was Magna)
I’ve also worked for other company founders who did something similar. The profit sharing were very real and substantial amounts at times. It really makes you feel like you’re in it together.
I’ve also seen other systems where management sets unrealistic goals for bonuses. When you inevitably have meetings saying the company did very well but you didn’t meet the unrealistic profit target we set, so no money for you, it makes people very unmotivated. I think even more than not having a bonus system.
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