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Inflation yaay!
(lemmy.world)
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this post was submitted on 11 Aug 2023
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True. What we need is to remove the underlying problem, which is the profit motive to overcharge and underpay. That is, democratic worker-owned companies, answerable to employees instead of shareholders
Those companies exist but are generally not competitive in terms of the product delivered to the consumer, largely because of a lack of ability to adapt to serve the needs of the market. They're focused on their employees instead of their businesses and end up getting outcompeted for a variety of reasons.
Except for Winco. Everyone I know loves Winco
WinCo is mostly employee owned but is run as a privately held business by its board of directors, not the workers. It's run like a normal company, more or less, although employee ownership does mean employees have more of a voice when it comes to business decisions.