Comment by jacquesm
3 days ago
That's nonsense. Shareholders have an incentive to violate privacy much stronger than any one employee: they can sell their shares to the highest bidder and walk away with 'clean hands' (or so they'll argue) whereas co-op partners violating your privacy would have to do so on their own title with immediate liability for their person.
> Shareholders have an incentive to violate privacy much stronger than any one employee
Exactly what I said. We need lower shareholder interference not more, and in co-operative it's the opposite.
> with immediate liability for their person.
What do you mean?
The only shareholders in a co-op are the owners/operators ("employees"), or the owners/operators + customers (for example REI I believe). There's nobody seeking to extract value at the expense of the employees or the customers.
If, as a shareholder operator, a co-op member pressured themselves to exploit user data to turn a quick buck, I guess that's possible, but likely they'd be vetoed by other members who would get sucked into the shitstorm.
In my experience, co-op members and customers are more value-oriented than profit-motivated, within reason.
> but likely they'd be vetoed by other members who would get sucked into the shitstorm.
Why are shareholders less likely to veto a evil person in a company vs in a co-operative? I think in most cases, the evil person is likely to get vetoed but sometimes greed takes over, specially over period of years and decades.
A cooperative does not have shareholders in your sense of the word.
Yes it does. In the purest sense, shareholder means "profit share" holders.
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