I don't know them, I'll look it up.
when a syndicate owns some sort of vertical their incentives are: high wages, fewer hours, higer price of whatever they do.
customer wants the opposite: lower prices, better quality, more things available
how does a worker control / syndicate align those? they don't. they act as a cartel.
Replies (2)
Well that’s not true at all. You need to research and study more on worker cooperatives.
For example, in the good ol USA we have power companies that privately owned and we have cooperatives where everyone owns. Guess who has the cheapest power, best service, and highest paying wages for employees?
see my other comment.
I argue that you can have that inside a free market. No one cares how you organize. If you have customers and a profit. without profit you can't save nor invest.
It works because there are still price signals from outside of your silo.
(also there is no such thing as "private owned" in socialism)
