None of this is credible without an argument about what will replace the profit motive. Altruism doesn't count because it obv doesn't work.
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Replying to @bill_bonker @FreddieDeboer
Why would the profit motive even be replaced. Right now CEOs seek profit because stockholders want them to (continued)
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If the workers owned the means of production and got the profits, would workers would also want profit, and still tell the CEO to seek it?
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In issues not directly related to workers' rights, why does a CEO care if he's serving the stockholders or the workers? Both want $$$
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Replying to @slatestarcodex @FreddieDeboer
That would work if company's workers owned the company, but not if all workers everywhere owned all companies collectively.
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And if all workers own all companies, they just become a vague mass of people who want profits, like existing mutual fund holders.
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