The Nathan J Robinson haters were right all along

  • Lester_Peterson [he/him]
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    edit-2
    3 years ago

    This NJR article sure aged great

    So, the two problems with the modern corporation are: 1. It’s owned by shareholders, who are disproportionately from the upper classes 2. It’s controlled by executives, not the people who do the actual labor to produce the goods and services. It’s “capitalistic” because the profits flow to capitalists; people who make their money by contributing their capital rather than their labor. Socialists advocate rethinking institutions so that they’re owned by their workers or society at large, and they’re controlled democratically.