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11/10/2022 09:29:00 PM
Point #3 is right on and that is exactly why we should give legislative advantage to co-ops. However, in the presence of co-ops and exploitative corps, the exploitative corps will win long term without outside laws to incentivize co-ops. This is because, holding all things equal, every dollar invested in a capitalist firm is guaranteed to have a higher ROI (because workers don't have rights to a share of profit). That means that workers in a co-op would see better returns if they took their own share of the profits and invested them in the capitalist business down the street. Sadly, that situation will drain investment from the co-op sector over the long term unless there is perfect solidarity or outside regulation to tip the scales towards co-op investment. One way to fix that is to have a higher tax rate on capital gains than on returns from worker profit sharing.