Comment on Why don’t more people start profit-sharing companies or co-ops?

ZombiFrancis@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

They are run out of business, most simply.

The operation that does not focus their profits on building further capital and establishing monopoly will fail in the arms race of those that do.

For example: there are countless community and public efforts establishing childcare and pre-k through pooled resources. They are in direct competition with things like Bezos’ childcare academies. (Personal anecdote: they bought out my kids’ building for public pre-k and evicted them.)

And a successful co-op will get pressure to be bought out like a start-up. (Often starts as a great way to expand! Then the expansion changes the culture, the new location feels corporate and the original location is later shut down and left vacant. -Also personal anecdotes for a grocery co-op and an employee owned operation I once worked at.)

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