Comment by YetAnotherNick
1 day ago
> 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?
A cooperative does not have shareholders in your sense of the word.
Yes it does. In the purest sense, shareholder means "profit share" holders.
No, it does not mean that. In the purest sense it means 'fractional ownership', which can or may lead to profits.
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.