this post was submitted on 27 Feb 2024
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Microblog Memes
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The inherent trait that distinguishes labor from other factors of production is that the actions of persons (labor) come with responsibility for their results. The services of things (capital and land) no matter how effective in increasing output can't be responsible for anything. They merely conduct responsibility back to their human users.
The solution is to have legal and de facto responsibility match. Consequently, all firms should be structured as democratic worker coops @microblogmemes