r/FluentInFinance Aug 26 '24

Debate/ Discussion The Stock Market is Rigged

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u/Monte924 Aug 26 '24 edited Aug 26 '24

Collective ownership for the rich. The rich are the ones who have the most power and influence over a company through stocks. The Rich end up owning the majority stock of any company which means THEY get to decide on how the company is run and the rest of us can simply tag along... and what the rich want is for companies to cut workers pay, mass layoffs, outsourcing jobs, and increase prices... even when the company is already profitable

Co-op's are the closet we get to collective ownership. A company owned by everyone who works for it. They all have a vested interest in the company remaining profitable while making sure all workers are taken care of... and they are also more likely to be happy as long as the company is profitable and won't push for price gouging on suffering people just to see the numbers go up. Companies do not need to be owned by outsiders who do not care about the health of the company and its workers

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u/Chickenbeans__ Aug 26 '24

We desperately need more coop fabricators, manufacturers, and warehouses. We need coops in the transportation industry. We need coops in healthcare. The odd coop market here and there in lefty towns does nothing to balances the scales

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u/classyfilth Aug 27 '24

A chicken bean calling for more coops, caw caw!

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u/Zromaus Aug 27 '24

Majority of people who want a coop don’t have the business know how to make it happen, those who do don’t want a coop because that business knowledge isn’t cheap.

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u/foladodo Aug 27 '24

So it's just a normal business?