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this post was submitted on 13 Apr 2024
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The real problem of capitalism is that workers are compensated only for their labor, and not for the value they provide. Workers are not meaningfully involved in directing the company. They are not able to decide how to distribute the profits of the company.
Management is compensated for value, in the form of shares, options for shares, etc. As both management and shareholders, the hold all power to direct the company.
Compensate workers in much the same way as management, and the major problems of capitalism are effectively eliminated.
How do we do that? We strongly favor partnership and S-corp ownership structures over traditional C-corp.