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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 2663028" data-attributes="member: 56035"><p>god i love being right all the time.</p><p></p><p>from forbes ""<em>The Capitalist Tool</em>". of course you might be a tool if you read this stuff enough.</p><p></p><p><a href="http://www.forbes.com/sites/drewhansen/2016/02/09/unless-it-changes-capitalism-will-starve-humanity-by-2050/#537b07534a36" target="_blank">Unless It Changes, Capitalism Will Starve Humanity By 2050</a></p><p></p><p>"</p><p>Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale.</p><p></p><p>• Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (<a href="http://www.biologicaldiversity.org/programs/biodiversity/elements_of_biodiversity/extinction_crisis/" target="_blank">see Center for Health and the Global Environment at Harvard Medical School</a>).</p><p></p><p>• Since 2000, <a href="http://www.greenfacts.org/en/forests/l-3/2-extent-deforestation.htm" target="_blank">6 million hectares</a> of primary forest have been lost each year. That’s 14,826,322 acres, or just less than the entire state of West Virginia (<a href="http://www.fao.org/news/story/en/item/40893/icode/" target="_blank">see the 2010 assessment by the Food and Agricultural Organization of the UN</a>)."</p><p></p><p></p><p>it continues:</p><p></p><p>"</p><p><strong>The Increasing Importance Of Distributed Ownership And Governance</strong></p><p></p><p>Fund managers at global <a href="http://www.economist.com/news/briefing/21676760-americas-startups-are-changing-what-it-means-own-company-reinventing-deal" target="_blank">financial institutions</a> own the majority (70%) of the public stock exchange. These <strong>absent owners have <em>no stake</em> in the communities</strong> in which the companies operate. Furthermore, <strong> management-controlled equity is concentrated in the hands of a select few: the CEO and other senior executives.</strong></p><p></p><p>On the other hand, startups have been willing to distribute equity to employees. Sometimes such equity distribution is done to make up for less than competitive salaries, but more often it’s offered as a financial incentive to motivate employees toward building a successful company.</p><p></p><p>According to <em><a href="http://www.economist.com/news/leaders/21676767-entrepreneurs-are-redesigning-basic-building-block-capitalism-reinventing-company" target="_blank">The Economist</a></em>, today’s startups are keen to incentivize via shared ownership:</p><p></p><p>The central difference lies in ownership: whereas nobody is sure who owns public companies, startups go to great lengths to define who owns what. Early in a company’s life, the founders and first recruits own a majority stake—and they incentivise people with ownership stakes or performance-related rewards. That has always been true for startups, but today the rights and responsibilities are meticulously defined in contracts drawn up by lawyers. This aligns interests and creates a culture of hard work and camaraderie. Because they are private rather than public, they measure how they are doing using performance indicators (such as how many products they have produced) rather than elaborate accounting standards.</p><p></p><p>This trend hearkens back to <strong>cooperatives where employees collectively owned the enterprise and participated in management decisions through their voting rights. </strong>Mondragon is the oft-cited example of a successful, modern worker cooperative. Mondragon's broad-based employee ownership is not the same as an Employee Stock Ownership Plan. <strong>With ownership comes a say – control – over the business. Their workers elect management, and management is responsible to the employees.</strong>"</p></blockquote><p></p>
[QUOTE="rickyb, post: 2663028, member: 56035"] god i love being right all the time. from forbes ""[I]The Capitalist Tool[/I]". of course you might be a tool if you read this stuff enough. [URL="http://www.forbes.com/sites/drewhansen/2016/02/09/unless-it-changes-capitalism-will-starve-humanity-by-2050/#537b07534a36"]Unless It Changes, Capitalism Will Starve Humanity By 2050[/URL] " Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale. • Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years ([URL='http://www.biologicaldiversity.org/programs/biodiversity/elements_of_biodiversity/extinction_crisis/']see Center for Health and the Global Environment at Harvard Medical School[/URL]). • Since 2000, [URL='http://www.greenfacts.org/en/forests/l-3/2-extent-deforestation.htm']6 million hectares[/URL] of primary forest have been lost each year. That’s 14,826,322 acres, or just less than the entire state of West Virginia ([URL='http://www.fao.org/news/story/en/item/40893/icode/']see the 2010 assessment by the Food and Agricultural Organization of the UN[/URL])." it continues: " [B]The Increasing Importance Of Distributed Ownership And Governance[/B] Fund managers at global [URL='http://www.economist.com/news/briefing/21676760-americas-startups-are-changing-what-it-means-own-company-reinventing-deal']financial institutions[/URL] own the majority (70%) of the public stock exchange. These [B]absent owners have [I]no stake[/I] in the communities[/B] in which the companies operate. Furthermore, [B] management-controlled equity is concentrated in the hands of a select few: the CEO and other senior executives.[/B] On the other hand, startups have been willing to distribute equity to employees. Sometimes such equity distribution is done to make up for less than competitive salaries, but more often it’s offered as a financial incentive to motivate employees toward building a successful company. According to [I][URL='http://www.economist.com/news/leaders/21676767-entrepreneurs-are-redesigning-basic-building-block-capitalism-reinventing-company']The Economist[/URL][/I], today’s startups are keen to incentivize via shared ownership: The central difference lies in ownership: whereas nobody is sure who owns public companies, startups go to great lengths to define who owns what. Early in a company’s life, the founders and first recruits own a majority stake—and they incentivise people with ownership stakes or performance-related rewards. That has always been true for startups, but today the rights and responsibilities are meticulously defined in contracts drawn up by lawyers. This aligns interests and creates a culture of hard work and camaraderie. Because they are private rather than public, they measure how they are doing using performance indicators (such as how many products they have produced) rather than elaborate accounting standards. This trend hearkens back to [B]cooperatives where employees collectively owned the enterprise and participated in management decisions through their voting rights. [/B]Mondragon is the oft-cited example of a successful, modern worker cooperative. Mondragon's broad-based employee ownership is not the same as an Employee Stock Ownership Plan. [B]With ownership comes a say – control – over the business. Their workers elect management, and management is responsible to the employees.[/B]" [/QUOTE]
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