cm0002@lemmy.world to Political Memes@lemmy.world · 9 months agoCompanyexternal-linkmessage-square9fedilinkarrow-up1280arrow-down13cross-posted to: memes@lemmy.ml
arrow-up1277arrow-down1external-linkCompanycm0002@lemmy.world to Political Memes@lemmy.world · 9 months agomessage-square9fedilinkcross-posted to: memes@lemmy.ml
minus-squareradiohead37@lemmynsfw.comlinkfedilinkarrow-up21·9 months agoNot sure why more companies aren’t co-ops.
minus-squareViatorOmnium@piefed.sociallinkfedilinkEnglisharrow-up16·9 months agoBecause most businesses need initial capital to scale enough to survive, and too many workers live paycheck to paycheck.
minus-squareradiohead37@lemmynsfw.comlinkfedilinkarrow-up4·9 months agoThat’s right. Hopefully there would be banks willing to loan some seed money.
minus-squareViatorOmnium@piefed.sociallinkfedilinkEnglisharrow-up7·edit-29 months agoBanks are too risk averse, they prefer the devil they know, and they like having a few rich people to point fingers at if the business goes sideways. There are a few funds investing in cooperatives, but I’ve never looked at how they work, and that’s not where most of the money is.
minus-squareFinal Remix@lemmy.worldlinkfedilinkarrow-up10·9 months agoThat would mean less wealth for the useless leeches at the top.
Not sure why more companies aren’t co-ops.
Because most businesses need initial capital to scale enough to survive, and too many workers live paycheck to paycheck.
That’s right. Hopefully there would be banks willing to loan some seed money.
Banks are too risk averse, they prefer the devil they know, and they like having a few rich people to point fingers at if the business goes sideways.
There are a few funds investing in cooperatives, but I’ve never looked at how they work, and that’s not where most of the money is.
That would mean less wealth for the useless leeches at the top.