Capitalism Has Failed—What Next?

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The USFWC welcomes membership from worker cooperatives, other democratic workplaces, cooperative developers, and allied organizations.

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We are building bridges between worker cooperatives and organized labor, promoting sovereignty of labor and subordination of capital, by harnessing the power of collective action to democratize enterprise.

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Originally Posted by eccieuser9500

I'd argue the most successful employee owned businesses are creatures of capitalism. Yes, I imagine many worker coops, Mexican ejidos and Israeli Kibbutz's can offer participants a decent and satisfying living. But employee-owned world beaters like Renaissance Technologies compete both in the marketplace and also in attracting workers. Not everyone in the organization is paid the same.

Renaissance, which trades stocks, bonds, commodities and other financial instruments, maybe isn't the best example, because it performs no useful function for society. It just recycles money from doctors and lawyers into the pockets of Renaissance employees. Or that's what its founder, Jim Simons, says it does anyway.

I did some business once with a contractor though that builds natural gas distribution pipelines in the Midwest. The guy who owned the company left it to employees when he died, and it's set up so whoever's working for the company owns the company, everyone from the CEO to the people maintaining the equipment. It's successful, but again competes against other businesses for customers and employees.

I'd argue the most successful employee owned businesses are creatures of capitalism. Yes, I imagine many worker coops, Mexican ejidos and Israeli Kibbutz's can offer participants a decent and satisfying living. But employee-owned world beaters like Renaissance Technologies compete both in the marketplace and also in attracting workers. Not everyone in the organization is paid the same.

Renaissance, which trades stocks, bonds, commodities and other financial instruments, maybe isn't the best example, because it performs no useful function for society. It just recycles money from doctors and lawyers into the pockets of Renaissance employees. Or that's what its founder, Jim Simons, says it does anyway.

I did some business once with a contractor though that builds natural gas distribution pipelines in the Midwest. The guy who owned the company left it to employees when he died, and it's set up so whoever's working for the company owns the company, everyone from the CEO to the people maintaining the equipment. It's successful, but again competes against other businesses for customers and employees. Originally Posted by Tiny

Good to hear from you Chiquito.

chiquito???

Yup. Chiquito. Chico = small. Simple formula.

Originally Posted by eccieuser9500

you aren't going to convince anyone capitalism has failed by posting videos of far left radicals like richard wolff the guy is a known socialist shill


he's an idiot who wrote this garbage







https://mronline.org/2019/03/27/marx...ation-of-work/


Marx and the democratization of work

Marx was an idiot and so is richard wolff

you aren't going to convince anyone capitalism has failed by posting videos of far left radicals like richard wolff the guy is a known socialist shill


he's an idiot who wrote this garbage







https://mronline.org/2019/03/27/marx...ation-of-work/


Marx and the democratization of work

Marx was an idiot and so is richard wolff Originally Posted by The_Waco_Kid

If you say so.


https://www.newschool.edu/internatio...%20(Sorbonne).

Richard D. Wolff is a visiting professor in the Julien J. Studley Graduate Programs in International Affairs at The New School, and Professor Emeritus of Economics at the University of Massachusetts, Amherst. He has a PhD in Economics from Yale University as well as degrees from Harvard (history BA) and Stanford (economics MA). Wolff has taught economics at Yale and the City University of New York as well as at the University of Massachusetts. He has also been a visiting professor at the University of Paris I (Sorbonne).

Yup. A real fuckin' idiot.

Yup. Chiquito. Chico = small. Simple formula.

Originally Posted by eccieuser9500

Ah cute commercial cartoon.

they were selling Gros Michel bananas at that time world wide. they sold like hot cakes.

those bananas were said to be very tasty, almost like candy.

it got replaced by Cavendish bananas that are sold worldwide commercially. it got replaced not because it was better tasting, but because of fungus issues.

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Originally Posted by eccieuser9500

Where do you think you would find this arrangement?

Where do you think you would find this arrangement? Originally Posted by Levianon17

Major manufacturing.

Major manufacturing. Originally Posted by eccieuser9500

China comes to mind. China is the world's largest producer of goods. America is the worlds largest consumer of Goods. America is a Corporation it provides services and raw materials for production. Capitalism is a perfect match for a country like America.

America is a Corporation[;] it provides services and raw materials for production. Capitalism is a perfect match for a country like America. Originally Posted by Levianon17

I'm saving this post. Just so you know. And, I was thinking manufacturing here.

I'm saving this post. Just so you know. And, I was thinking manufacturing here.

Originally Posted by eccieuser9500

Great Clip, I remember that movie.

Quantum Financial System. No corruption. No Communism either.