this post was submitted on 22 Jul 2024
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You are basically talking about a socialist or communist ecenomy, and there are good reasons that that is a horrible idea for certain industries (and a good one for others, and an even better one with some kind of bastardized hybrid system like the chip industry in Taiwan).
There is no best system, IMO everything should be evaluated a la carte instead of trying to centralize or privatize things ideologically.
Many private organizations that get like this are like the worst of both worlds though, where they lose the entrepreneurial spirit, efficiency and drive without any of the "benevolent" motivations and restrictions of a centralized system, especially when they get rich enough to push back against ethics.
I mean, I said it doesn't work