Cooperatives are the best answer. Capitalists will argue they should outcompete traditional firms in the market. If they’re supposed to be better they’d win, right? But the thing is they’re only better for most people… and not the few richest that benefit the most from the current capitalist system. And everyone’s too damn brainwashed to understand private ownership of the means of production is the root cause of so many problems. But let’s just regulate capitalism.
If cooperatives goal is to provide for its members and community while a traditional firms goal is profit maximization, regulation fixes nothing.
Cooperatives are the best answer. Capitalists will argue they should outcompete traditional firms in the market. If they’re supposed to be better they’d win, right? But the thing is they’re only better for most people… and not the few richest that benefit the most from the current capitalist system. And everyone’s too damn brainwashed to understand private ownership of the means of production is the root cause of so many problems. But let’s just regulate capitalism.
If cooperatives goal is to provide for its members and community while a traditional firms goal is profit maximization, regulation fixes nothing.