Europe in a nutshell

welfare capitalism is the ultimate gay

SHADDAP

JUST

SHADDAPP

why dont you sit down and have some

delicious

b e e f

A corporation is concerned only with profits. It will pay executives higher than low level employees because it concludes that this will increase profits.

The entirety of Yugoslav economy was founded upon this kind of worker-cooperative organisation; the Mondragon Cooperative Federation has functioned as such for half a century and is Spain's 12th largest enterprise - it weathered, for example, the great Spanish depression and economic crisis where many capitalist enterprises faltered

Lmao

so that's strong evidence to the contrary

Worker Coops are legal rn

They exist in capitalist economies

and they should form the sole basis of economic activity alongside the state and municipal sectors

its all very much possible

nothing suggest it isn't

Im part of a Credit Union myself

if it was feasible, it would take over as the best form of organization

I think it is reasonable that if indeed executives were completely worthless that some company would get the bright idea to pay them less or make the position an internship or simply abolish it. After all they'd save money

it has its benefits, but it isn't gonna take over

Yet the norm is the opposite

as for some info pointers about Mondragon, here you can have some. As you see, it is a viable operation which functions on the principles of worker management or self-government. It is an imperfect form, in my view, but it is strong evidence that a viable alternative to capitalist management is possible - which contains in itself the promise of socialism.

And that's not even going into the socialist countries which have existed in 20th century.

You haven't answered my question

I didn't see it sorry

what was it?

you are free to try this out in the free market m8, nobody stops you

Why do greedy corporations who only care about increasing profits pay their executives so much money compared to low level workers?

@AdorableStormtrooper that's not the point, there are a great number of arguments against free market and capitalism which I hold and which remain unaddressed by "try muh free marguds"

You claim executives are completely superfluous

@Deleted User because penny pinching

They are superfluous. If they weren't, worker-cooperatives would be impossible. Capitalist executives are indeed completely superfluous. Management itself is not superfluous, but management is a feature of socialism as well.

Then answer my question

worker coops are uncompetitive in comparison in many fields

Why do greedy corporations who only care about increasing profits pay their executives so much money compared to low level workers?

If the job was superfluous why pay them so much?

Because corporations are literally geared towards the maximizing of the profits, which go into the shareholders and management's pockets? And paying the workers by equal amount wouldn't increase the profits of the shareholders?

You're completely missing the point

...because they are part of the ownership class, obviously. And certainly the pay rates of the corporate execs does not in fact correlate with the value of their work, considering the rate of their personal profit.