Comment by dbingham
2 years ago
That is flatly false. Worker cooperatives are every bit as innovative as any other form of private corporation. These are owned by workers not a centralized government. There are quite a few of them and you may well have purchased their products with it even realizing it. Two additional examples you may have encountered are Equal Exchange and King Arthur Flour.
There aren't more of them because they have a hell of a time securing financing when most businesses are financed through equity sales which they can't do.
Can you explain this more? As I understand, after equity IPO, most companies use debt capital markets to raise money to expand their business.
You've just changed my brand of flour, thanks.
Example of innovation please. I’ve seen first hand that no collective farm is able to produce nor SpaceX nor even EV nor even plant in time and harvest in time.
I'm not close enough to manufacturing to evaluate how innovative their approaches to factory automation are, but it's not like they're based solely on turnips:
https://www.mondragon-assembly.com/automotive/
The collective farm that produced SpaceX is the United States Government. It carried out all the research and development necessary to create and further the North American space program. And it is existential in furthering it to this day. Without this source of contracts, research projects and income SpaceX would not be able to produce its commercial spin-off products.
If it weren't for the Wright Brothers, NASA would never have existed.
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You obviously never been to a collective farm.
Despite government support to the extent much larger than that for SpaceX collective farms have nothing to show for it.
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There are multiple Kibbutz in Israel that plant and harvest on time and are the major source of innovation for Israel's AgTech sector (which is only behind the US in terms successful startups).
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