this post was submitted on 09 Dec 2024
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Late Stage Capitalism
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Overhead is the same (maybe less if management is smaller and cheaper) but dividends go to workers instead of shareholders.
Downside is that raising capital to grow the business is much harder and it's much harder to take risks because the effects are not diversified.
But there are other ways to handle it. I wouldn't vote for dividends to be distributed fully, I'd want my bonus, but to put the rest into investing in the company, raising wages, etc. Workers co-ops generally do pretty well once they're off the ground. The only problem they really face is that privately owned businesses are more able to cut labor costs and thus can undercut on prices until the cooperative competition fails