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View Diary: The "Marxism is coming back" trope (264 comments)

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  •  It's a commonplace among economists that (1+ / 0-)
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    nextstep

    co-ops and collectives have a "horizon problem." People join a co-op for whatever reason, but have different time horizons from other people in the co-op. So co-ops are prone to dissolution as members eventually go their separate ways.
       Corporations solve the horizon problem by making ownership sellable. A shareholder who is no longer interested in the corporation can simply sell her share to someone else.
       Co-ops that have longevity are those that have a large number of incoming members to replace those who leave - co-op bookstores near a university campus, eg.

    •  I was referring (0+ / 0-)

      to a society completely based on collectives, rather than forming collectives in a capitalist society. There would be no private ownership of the means of production.

      "The political arena leaves one no alternative, one must either be a dunce or a rogue." Emma Goldman, Anarchism and Other Essays

      by ZhenRen on Tue Apr 22, 2014 at 10:55:11 AM PDT

      [ Parent ]

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