Because the correct trade-off between ability to raise expansion capital via selling stock and maintaining worker control has not yet been achieved. Most current worker coops, for instance, do not have any structure for selling nonvoting stock, so they face a lot of difficulty in raising capital to expand.
Because the correct trade-off between ability to raise expansion capital via selling stock and maintaining worker control has not yet been achieved.
How will you recognize the "correct trade-off"?
Another month, another rationality quotes thread. The rules are: