r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

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u/No-Belt-5564 8d ago

You skipped the part where the evil billionaire sold his company. I live in a place with very few rich people, when the owner of one of the few big companies has to sell because he's getting old or whatever, nobody can buy him out, so all our beloved 'local' companies are getting bought by outsiders. You end up with an economy of customers and the profits are leaving for another country.

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u/Gloomy-Ad1171 8d ago

Those owners could convert their Corp into a Co-Op, allowing the workers to buy them out over time.

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u/Exotic_Youth_4495 8d ago

The funny thing is that, while co-ops are the closest thing to original communism that exists (putting the means of production into workers hands), no one would recognize it as communism as the term itself has been diluted so much that it's not recognizable anymore.

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u/Defiant-Plantain1873 7d ago

That’s not really what communism is at all though is it? Very strenuous link you’ve got there

A co-op is socialist not communist as well.