196

16552 readers

2545 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago

MODERATORS

[email protected]

715

Merger Rule (i.imgur.com)

submitted 11 months ago by [email protected] to c/[email protected]

92 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 5 points 11 months ago* (last edited 11 months ago) (1 children)

But it's specifically capitalism. A corporation doesn't have to use capitalist principles to operate. It just has to be incorporated under local law. Worker coops are still corporations.

The problem IS capitalism, not corporations. (though allowing giant monopoly ones I'm sure is its own ill even outside of capitalism)

[–] [email protected] 2 points 11 months ago (1 children)

The problem is shareholders; The fact that extracting money out of the company is prioritised over the stability of the company. This leads to unstable companies which are vulnerable to shit like this.

WB would not be verging on the edge of bankruptcy if it was privately held.

[–] [email protected] 3 points 11 months ago

Extracting money out is the epitome of capitalism. The entire point.

The problem is capitalism.