Not necessarily that you should get all the profit. You should get the whole (positive and negative) product. The workers would have to jointly buy or lease the equipment as they’re responsible for using up its services in production.
Banks should be structured as democratic worker coops.
The workers are jointly de facto responsible, the “who did the deed” sense of responsibility, for the output. The pure application of the tenet I mentioned is to purposeful results of deliberate actions
Ah, so in order to have a job you have to buy a place in the company and partial ownership along with all the risks that entails. It would be fairer once you are employed, but can you see the issues that would result is? Do employees get to vet new employees as their investment would also be at risk, what you you get when you leave the company, especially if its value is rising or falling rapidly, what if some want to invest in a core piece of equipment and others don’t, how much does each role require you to buy and how do skills increase or decrease this amount? What happens if you get fired?
On banks, co-op and joint ownership banks do exist.
Vetting new workers can occur during the interview process.
It would depend on the particulars of your membership contract. The law would mandate loss of voting rights for fired and leaving workers.
Each worker coop would have a system of internal capital accounts giving each worker a recoupable claim on their investments into the firm. Workers can invest different amounts.
1 worker 1 vote is the principle. Non-voting preferred stock can be free floating property rights as is the case today
Not necessarily that you should get all the profit. You should get the whole (positive and negative) product. The workers would have to jointly buy or lease the equipment as they’re responsible for using up its services in production.
Banks should be structured as democratic worker coops.
The workers are jointly de facto responsible, the “who did the deed” sense of responsibility, for the output. The pure application of the tenet I mentioned is to purposeful results of deliberate actions
Ah, so in order to have a job you have to buy a place in the company and partial ownership along with all the risks that entails. It would be fairer once you are employed, but can you see the issues that would result is? Do employees get to vet new employees as their investment would also be at risk, what you you get when you leave the company, especially if its value is rising or falling rapidly, what if some want to invest in a core piece of equipment and others don’t, how much does each role require you to buy and how do skills increase or decrease this amount? What happens if you get fired?
On banks, co-op and joint ownership banks do exist.
Vetting new workers can occur during the interview process.
It would depend on the particulars of your membership contract. The law would mandate loss of voting rights for fired and leaving workers.
Each worker coop would have a system of internal capital accounts giving each worker a recoupable claim on their investments into the firm. Workers can invest different amounts.
1 worker 1 vote is the principle. Non-voting preferred stock can be free floating property rights as is the case today