this post was submitted on 20 Aug 2023
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The problem is how do we get there? In a market there will always be actors powerful enough to corrupt the governmenta and influence regulation in an undemocratic way.
It's impossible, as has been demonstrated throughout the last few centuries of history. Even in cases where a government makes a massive shift towards a pro-worker position (i.e. the New Deal), over time the country will fall back into regulatory capture and devolve to an oligarchy.
Even in a market dominated by socialist companies where workers have power. Workers having ownership isn't some panacea against corruption and willingness to dominate others. You can still end up with a company full of terrible people who have no qualms cornering a market and then committing to rent-extraction. They can even commit to those horrible practices in an internally democratic way!
If the working population is deciding the laws democratically, then there's a good chance of laws against monopolies and trusts being more binding than they are under capitalists, not that I care as much about the co-op model of socialism.