What would happen with companies turning losses in?
How about looking at how would have Apple developed if it was a worker cooperative? Would it have ever gotten to the scale of profits and size it did without reserving most of the profits for R&D? How can we be sure that all the worker-owners would have led to the same decisions making it what it is today?
Basically, company founders (worker-owners) usually invest into a not-yet-profitable business to kick start it: they've got negative salaries. It is only human to expect that those who disproportionally invested in a company get a disproportionate part of the profits.
Whether it makes sense to draw the line at some wealth point is another matter, but the article doesn't have any serious commentary on worker cooperatives.
How about looking at how would have Apple developed if it was a worker cooperative? Would it have ever gotten to the scale of profits and size it did without reserving most of the profits for R&D? How can we be sure that all the worker-owners would have led to the same decisions making it what it is today?
Basically, company founders (worker-owners) usually invest into a not-yet-profitable business to kick start it: they've got negative salaries. It is only human to expect that those who disproportionally invested in a company get a disproportionate part of the profits.
Whether it makes sense to draw the line at some wealth point is another matter, but the article doesn't have any serious commentary on worker cooperatives.