Comment on I'll care when I work for a co-op that is equally owned by all the workers.

DreamlandLividity@lemmy.world ⁨5⁩ ⁨days⁩ ago

• wieson@feddit.org ⁨5⁩ ⁨days⁩ ago

  You don’t finance it, you take a loan from a bank on the company. If the company folds, it goes bankrupt, not you. You don’t take anymore risk than the other workers.

  If the company is dead, you’re still a human and now just another worker on the job market. You don’t go to jail for going bankrupt.

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  • DreamlandLividity@lemmy.world ⁨4⁩ ⁨days⁩ ago

    Then go ahead and start one :D Good luck finding a bank that gives you an unsecured loan to start a business.

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    • zalgotext@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

      Eh, banks give out loans for people to start restaurants all the time, and restaurants are notoriously risky businesses. There’s hundreds of worker-owned co-ops in the States, so it’s not impossible to find a bank that will fund them.

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      • CoCo_Goldstein@lemmy.world ⁨4⁩ ⁨days⁩ ago

        Eh, banks give out loans for people to start restaurants all the time

        ** Citation needed.

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      • captainlezbian@lemmy.world ⁨4⁩ ⁨days⁩ ago

        And if you want a reward for founding a business but want it to be a co-op there are methods thst are reasonable and fair like selling it bit by bit to the employee union at a reasonable price or willing your company to your workers.

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    • explodicle@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

      This unironically

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  • boonhet@lemm.ee ⁨4⁩ ⁨days⁩ ago

    You still take all the risk because the bank is going to say they won’t give a loan to a new company without a track record, unless someone is willing to be a guarantor.

    Now you share the profits, but all the risk is yours.

    Unless you have a bunch of people lined up to start the co-op and they’re all willing to pitch in or become guarantors with you, in which case it might just work - but again, the initial people are going to have more skin in the game than the rest.

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• svcg@lemmy.blahaj.zone ⁨5⁩ ⁨days⁩ ago

  You don’t receive shares for free. You receive shares in return for your labour. You don’t become an equal member of a partnership as soon as you join.

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  • DreamlandLividity@lemmy.world ⁨5⁩ ⁨days⁩ ago

    Then it is not equally owned as the title says.

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    • surewhynotlem@lemmy.world ⁨4⁩ ⁨days⁩ ago

      You’re struggling so hard in the comments, just to be wrong.

      Why are you so invested in capitalism? Do you own lots of capital or something?

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      • DreamlandLividity@lemmy.world ⁨4⁩ ⁨days⁩ ago

        I don’t own much capital, but I live in a post communist country and I sure as hell don’t want to experience the shit our country already went through once.

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    • GoodEye8@lemm.ee ⁨4⁩ ⁨days⁩ ago

      Except shares don’t represent the amount of ownership of a company. Everyone gets one vote regardless of how many shares they have, thus equal ownership.

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      • GrumpyDuckling@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

        It depends on how it’s structured.

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      • boonhet@lemm.ee ⁨4⁩ ⁨days⁩ ago

        They do however represent the ability to profit from it. Which is what the whole “paid enough to care” thing is all about.

        I don’t much care if I have equal voting rights to everyone else in a co-op of which my share is worth ten bucks a year in dividends if the founder is making a million a year or something (which I’d say is realistic for a medium sized company). At the same time, the founder is not going to just give away his ownership, maybe in small chunks, but not the majority of it.

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    • svcg@lemmy.blahaj.zone ⁨4⁩ ⁨days⁩ ago

      Fair cop.

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  • DerArzt@lemmy.world ⁨4⁩ ⁨days⁩ ago

    Y’all are getting shares as part of your compensation?

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