Kyle's introduction (and the missing productivity problem)

Let me talk to my partner on this, Kyle, but I think this paper is the work in progress for which the model will be added. I’ll get back to you!

Totally no worries than! I assumed (a terrible habit of mine, I blame my econ training) that it was completed work. No pressure to share it if it’s in progress, and I look forward to reading it when it comes out :slight_smile:

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Worker ownership is ipso facto a form of socialism – “socialism” refers to the “socialization” of ownership of the means of production – one model is the state-owned one beloved of Lenin; another is worker ownership. Proudhon, along with Marx, was one of the most prominent members of the International Working Men’s Association. It seems rather self-evident, IMO, that a worker-owned firm avoids the pitfalls of one owned and managed by a bureaucracy – the interests of workers are aligned with the success of the enterprise.

Who are the owners of the German banks you mention?

A bank founded to fund new firms does not have the same interests as one which is owned and/or managed by workers themselves. Bank funding is almost all done by an outside group of capitalists. Proudhon understood this basic fact, which is why he promoted financial institutions owned by workers, which evolved into credit unions. There is a kind of parallel here with micro-finance: the productive organization is both owned and financed by those who work there. Proudhon proposed a Bank of the People, funded by working community members, dedicated to providing finance for worker-owned businesses.

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