Comment on Thomas Edison was the Elon musk of his era
PotatoesFall@discuss.tchncs.de 1 year agoinvestment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
Comment on Thomas Edison was the Elon musk of his era
PotatoesFall@discuss.tchncs.de 1 year agoinvestment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
RestrictedAccount@lemmy.world 1 year ago
If nobody has profits, what is there to invest?
PotatoesFall@discuss.tchncs.de 1 year ago
You can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
RestrictedAccount@lemmy.world 1 year ago
Loan what? Banks can only work if someone has already made a profit that they can invest.
PotatoesFall@discuss.tchncs.de 1 year ago
Yeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.