this post was submitted on 16 May 2026
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Why do we even need owners in the first place? We don't need to be beholden to the borgeousie and have a class that owns the means of production and gets rich off the labor of others while all they have to do is spend their money and not do any work.
Like employee owned businesses can be a thing.
It's not like we'd have to upend our whole society, just change how employees are compensated, give them some equity in the company they work for and bring up individual incomes. Also tax the ever loving fuck out of profits (or revenue it's arguable which is better) after a certain threshold so the only way to get more money is to reinvest and grow the business. Same with individual wealth taxes.
Nobody needs to be a billionaire. Companies don't need to constantly push their profit up quarter after quarter. We don't need to be beholden to the shareholders just because they have a bunch of money and own stock, we should be the shareholders ourselves.
We need solutions to issues like capital allocation, keeping money circulation speed relatively constant and many many more. Capitalism is one solution to these problems. Perhaps not the best one, but the only one we know can work.
Capitalism is the cause of those problems. Last I checked the people hoarding money in off shore accounts weren't exactly keeping money circulation speed constant. Well, perhaps constantly zero in that case.