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JimmyCracksCorn
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Macedonia - Sovereign country north of Greece.
Dec 2002
time: 05:35
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quote:
Originally posted by Odin
Keep the free market, but replace Corporations with Co-ops; the employees should control the capital. My idea is similar to the economic system in Kim Stanley Robinson's novel Blue Mars |
Who would force companies to adopt this system?
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Harry Tuttle
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of the Hoople Heads
Mar 2003
time: 00:35
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Well, it could be a sound policy, if only the employees, from the lower level to the top managers had enough skill to pick the best people to man the board.
Most companies have a pyramid structure with the lower level employees outnumbering the managers. I could very easily see the dock workers voting for the guy who will raise pensions and overtime rather than voting for the guy who will have the where with all to point the company in more profitable directions.
So basically, in this structure, there could very well be huge inefficiences that lead to stagnant growth.
I'm sorry, but giving everyone the vote in a corporation probably would not be very advantageous. I could see the larger population of the inexperienced and undereducated making poor decisions as to the future of the company. Then again, if the company is of the professional kind, (ie. a law firm, accounting firm) with smart, highly educated, and experienced employees then it might work.
Not to knock the blue collar workers, but the guys in the plant placing the sprockets on the cogs may not know enough about the business to make a decision from where they are.
Of course I've seen some very rich people who own stock make horrible decisions, because they're dumb.
If this system were to work the voters in the company would have to know what's best and what works and be able to place the right people in the right positions. Like making the guy who's been the dock worker, then salesman, and then sales manager, working his way up the ladder by his wits, the new Chairman of the Board.
A sense of the business really has to be ingrained in the voters for this to work out.
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OzzyKP
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Rockville, MD
Oct 1999
time: 00:35
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quote:
Originally posted by Harry Tuttle
Well, it could be a sound policy, if only the employees, from the lower level to the top managers had enough skill to pick the best people to man the board.
Most companies have a pyramid structure with the lower level employees outnumbering the managers. I could very easily see the dock workers voting for the guy who will raise pensions and overtime rather than voting for the guy who will have the where with all to point the company in more profitable directions.
So basically, in this structure, there could very well be huge inefficiences that lead to stagnant growth.
I'm sorry, but giving everyone the vote in a corporation probably would not be very advantageous. I could see the larger population of the inexperienced and undereducated making poor decisions as to the future of the company. Then again, if the company is of the professional kind, (ie. a law firm, accounting firm) with smart, highly educated, and experienced employees then it might work.
Not to knock the blue collar workers, but the guys in the plant placing the sprockets on the cogs may not know enough about the business to make a decision from where they are.
Of course I've seen some very rich people who own stock make horrible decisions, because they're dumb.
If this system were to work the voters in the company would have to know what's best and what works and be able to place the right people in the right positions. Like making the guy who's been the dock worker, then salesman, and then sales manager, working his way up the ladder by his wits, the new Chairman of the Board.
A sense of the business really has to be ingrained in the voters for this to work out. |
Sounds a lot like our system of government.
quote:
I could very easily see the dock workers voting for the guy who will raise pensions and overtime rather than voting for the guy who will have the where with all to point the company in more profitable directions. |
DEFINITELY sounds like our system of government.
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17-07-2004 03:40
If you are taling about investors, they won't be needed, My system uses instead a special bank loan for company startup.
).
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