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whstltoday at 3:42 PM2 repliesview on HN

This is incorrect. Concentration of wealth is definitely stopping them.

Most people can’t just stop working and start working for no cash.

I might be missing some obvious sarcasm, though!


Replies

mpynetoday at 8:38 PM

The worker-owned businesses that are more effective will do a better job of concentrating wealth though, as they don't have to pay investors back dividends or participate in stock buybacks.

Software in general is a field quite compatible with initial self-funding, in ways you can't say for other industries.

But even still, investors threw away gobs of money on clearly unsustainable businesses like NFTs, and capitalism in general is happy to sell people the rope they will use to hang capitalists, so it's not even impossible to find investors if you absolutely need them.

Pair the lack of ongoing payments to investors or lenders with the superior execution of worker-led organizations, and companies such as these should pretty clearly mop up their competitors saddled with non-value-added executive management and non-value-added investors.

That is, assuming these roles don't provide any value to companies.

fridentaltoday at 6:55 PM

You can actually stop working and still survive in the socialist EU. Still we don't see any successful employee-owned startups.