They actually kinda legally DO have to follow fiduciary duty towards their shareholders. If their shareholders were also all the workers of the company, this wouldn’t be a conflict to lay them more, right? But that’s actually literally socialism and that’s why socialism is a boogeyman
brucethemoose@lemmy.world 3 weeks ago
Worker coops are not socialism though. It’s technically capitalism, and it’s not something you’d see Fox railing about.
They just don’t arise much in the current system of stuff.
LustyArgonianMana@lemmy.world 3 weeks ago
Worker co-ops are indeed socialism, because it’s the workers owning the company.