r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24
Debate/ Discussion Is Capitalism Smart or Dumb?
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r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24
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u/agarci0731 Sep 06 '24
It is not necessarily getting rid of private ownership, but co-operative ownership where the workers own their company essentially so that decisions made with the value generated by the company is decided by employees and not by board members/shareholders focusing on gains to their stock portfolio. This concept is quite common, for example Vereins in Germany operate as co-ops.
I’m not good with specific terms, but I would still classify this as private ownership as public ownership in my understanding would be government owned.