this post was submitted on 22 Jul 2023
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It works until a guy with too much money decides it must stops. That's the problem with capitalism: it basically recreates feudalism.
The biggest question is who gets the power. A dictatorial state or an oligarchy of capitalists is the same.
Liberalism won against USSR because they restrained themselves just long enough for USSR to collapse.
I was not talking about liberalism... ? Cooperatives work. The statutes can say whatever they want about wealth distribution as long as the company keeps paying its creditors.
Saying "It works until a guy with too much money decides it must stops" is just a huge self-own coming from a communist, because if the internal and democratic redistribution of wealth of a co-op stops working... well capitalism ain't anything to go with that, that's just communism falling in on itself and (as happened with all real communist states) turning into an authoritarian kleptocracy.
Still, overall co-ops work pretty well. Lots of banks are famously co-ops (i.e. credit unions). Obviously they haven't solved the problems of greed or poverty, but that's only surprising if you think that "seizing the means of production" is the only condition required for complete emancipation of the proletariat (which one would only think if they had never taken a single look at the history of the USSR).