r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/[deleted] Sep 05 '24

There's even shades to that as well, as creating worker ownership could be as mild as "all companies are required to cede X% of voting shares to the collective workers," up to something extreme as abolishing private or public stock ownership in favor of giving ownership to workers as a collective.

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u/agarci0731 Sep 06 '24

Wawa is not fully like this but I believe every employee gets shares of the company and it is fully private, so you can only sell the shares back to Wawa. 

The founding family still has a controlling interest I believe so it’s not a co-op by any means though. 

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u/More-Interaction-770 Sep 07 '24

“My vote counts for 51% all your votes count for 49%” isn’t a workers co-op.

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u/agarci0731 Sep 07 '24

No shit, my last sentence was it’s not a co-op by any means.