An unexpected feature of a market-based system is the opportunity for differentiation. The drive to set your company apart from the competition is what enabled the existence of mutual ownership in the first place.
Free choice has also proven to be a powerful stimulus for both business creation and improving working conditions.
I always felt that the biggest failure of Marx's economic theory was his inability to account for the impact of labor unions, which emerged during his lifetime in the US, UK, and on continental Europe. Beyond that glaring omission, I agree that the success of the mutual ownership model and the value creation opportunities that technology has enabled have further distanced his theories from any relevance in today's economy.
An unexpected feature of a market-based system is the opportunity for differentiation. The drive to set your company apart from the competition is what enabled the existence of mutual ownership in the first place.
Free choice has also proven to be a powerful stimulus for both business creation and improving working conditions.
I always felt that the biggest failure of Marx's economic theory was his inability to account for the impact of labor unions, which emerged during his lifetime in the US, UK, and on continental Europe. Beyond that glaring omission, I agree that the success of the mutual ownership model and the value creation opportunities that technology has enabled have further distanced his theories from any relevance in today's economy.
Why you have such a hard on with Marx? lol