this post was submitted on 20 Aug 2023
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[–] dingus@lemmy.ml 3 points 1 year ago* (last edited 1 year ago)

Even in a market dominated by socialist companies where workers have power. Workers having ownership isn't some panacea against corruption and willingness to dominate others. You can still end up with a company full of terrible people who have no qualms cornering a market and then committing to rent-extraction. They can even commit to those horrible practices in an internally democratic way!