this post was submitted on 11 Feb 2024
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We need banks that specifically are meant to allow the workers of a company to buy their company and turn it into a collective. Not that the workers can sell the shares but they own it in the sense that they can democratically determine how profits are spend and what managers are hired / elected. Just a loan which just requires printing a little more money which we do all the time.
That would solve so many inefficiencies and amoralities in the current economy.