this post was submitted on 04 Nov 2024
1512 points (99.0% liked)

Technology

59119 readers
2357 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 13 hours ago (1 children)

Managers’ interests can be aligned with the long term interests of the firm by giving them non-voting preferred shares as part of their compensation.

It really depends on the specific form of socialism. If we look at the most influential forms (say, USSR or China), the decision makers are politicians, so they're more motivated by power and influence than the good of the whole.

IMO, socialism can work if it's practiced by smaller orgs and not as a government structure. So unions and co-ops, not planned economies.

[–] [email protected] 1 points 1 hour ago

I'm not a socialist because I think markets are useful and haven't seen a planned economy proposal that seemed plausible. Worker co-ops and unions aren't socialism in 20th century sense because they are technically compatible with markets and private property.

An economic democracy is a market economy where all firms are worker co-ops, so I was speaking about managers in a worker co-op

@technology