I mean, it is done in practice. Syndicalism used to be a major strain, even, of leftist thought that essentially argued that taking over the economy via the establishment or conversion of firms to socialist principles was how socialism would be established.
Unfortunately, we’ve come a long way - and not in a good sense - since the heyday of unions in the 1910s and 1920s.
The thinking, when it’s expressed as shares, is generally “Every employee should own the company’s shares, rather than shares being bought and sold”
Mondragon Corp largely works like that, to my understanding.
yeah that’s already possible. cooperative companies are legal. then why don’t they be done in practice?
I mean, it is done in practice. Syndicalism used to be a major strain, even, of leftist thought that essentially argued that taking over the economy via the establishment or conversion of firms to socialist principles was how socialism would be established.
Unfortunately, we’ve come a long way - and not in a good sense - since the heyday of unions in the 1910s and 1920s.