In 2023 quarterly earnings calls, Kimberly-Clark, PepsiCo, General Mills, Tyson Foods & Ulta Beauty bragged to shareholders that they increased their profits by charging the same price for downsized packaging. Shrinkflation is Greedflation! http://dlvr.it/TJ8CRS - ThreadSky

We need to start developing worker-owned cooperatives

What if Amazon had been started as a worker-owned cooperative? Many thousands of people who were former employees would probably not be disabled today.

https://www.amazon.com/Everything-Everyone-Radical-Tradition-Shaping/dp/156858959X/ref=sr_1_2?crid=1TSVJHX9UN0KD&dib=eyJ2IjoiMSJ9.LkwwEqa-KI1NPXtE8ZNUrt_Wwpd62ICHepvBwmfxINfmnO2Y9ShoB2h9z8tCE7OPOPD9ouBZXJpVCGsiokwhS3fPhhoh7MBTRr-5xYaPjKcx3Os5pAz9kPeDM09WUfDVsCQWdX59yRRA7lHrr2IMdK4gajnyvZ9YXDSHzB1TQBsB-HPoZexMi4MlK2tRNVv1wKcR88PbKfCrOq3ydJQqVlWpKSK9L7ysGdUT0PjrpH8.ToH0OHX1VBxIGpprbEU4gIEdSkuhFbZ8SRzmpl0O4F0&dib_tag=se&keywords=everything+for+everyone+book&qid=1740364032&sprefix=everything+for+every%2Caps%2C164&sr=8-2

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cooperatives.bsky.social•4 days ago

Wealth inequality would largely be addressed if these corporations were worker cooperatives. Even a 10:1 pay ratio would be highly effective. A 2:1 ratio would be life changing. When compensation schemes are subject to democratic consensus, the distribution of wealth is equitable

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ourbestefforts.bsky.social•4 days ago

Are you familiar with public banking?

If we could get more public banks, we could have access to funds for more cooperative enterprises.

With a public bank, people can create a charter than can direct investments locally and provide low-interest loans.

https://publicbankinginstitute.org/

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cooperatives.bsky.social•4 days ago

Credit Unions are cooperative banks that are also more community oriented. Nonprofit community-controlled banking is key to establishing capital access for community ownership. The Mondragon co-op system has its own credit union, a worker/consumer co-op, that it utilizes for capital.

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