180
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 May 2025
180 points (95.5% liked)
Asklemmy
48083 readers
725 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 6 years ago
MODERATORS
I'm not convinced of this. One could argue that profit is waste. It's an overhead of wealth delivered for value provided. If co-ops are less incentives towards profit, e.g. by not having a tradeable stock to manage, then the pursuit of profit is a lesser priority. This means the overhead is less, which could mean lower prices.
To put it bluntly, if you don't need to pay dividends to shareholders who deliver no value or huge bonuses to executives at the top, maybe the operating costs could be lower. Yes, the cooperative members would take some of that money as profit sharing among the members, but the working class tends to be less sociopathically greedy than those in power.
Definitely open to feedback. This kind of thinking is newer to me