Frank Parker
Mar 31, 2023

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So where do those who work for the company obtain the assets they need to use in order for the company to operate? The premises, the furniture, the machines, the stock, all require upfront investment which the workers lack the funding to provide. I'm not saying it can't happen. There are many instances of companies that are worker owned. Usually that is because the individual who provided the start-up finance donated it to the workers. Even so, many of the decisions you argue should be solely for the workers to make are in practice delegated to professional managers.

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Frank Parker
Frank Parker

Written by Frank Parker

Frank is a retired Engineer from England now living in Ireland. He is trying to learn and share the lessons of history.

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