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Gabital - Fantasy Capitalism 101: #90 Auction
(thelemmy.club)
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Cute Russian comic. The home of the official English version is here if anyone wants to skip ahead (or support them): https://boosty.to/gabiconomics-en
An auction is a public sale in which the price of a good or service is determined through competitive bidding. Participants place offers, and the item is awarded to the bidder who proposes the best price - typically the highest bid in standard auctions.
Man this comic is Russian. I dont even think that term is used outside of Russia and former Russia.
How would you even translate that though? Industrial cooperatives?
Mondragon might be the closest example of such a thing still around 🤔
I think maybe a few formalised as "collectives". The UK had things like Millwrights collectives around the industrial revolution period. It's hard to 1:1 it though.