undefined | Better HN

0 pointsAndrewKemendo2y ago0 comments

There are plenty of critics proposing alternatives

I get a monthly magazine called Jacobin that is filled with bough criticisms and alternatives

Trying to find people who aren’t either fundamentally greedy or barely hanging on is nearly impossible so it’s just mostly people exploiting each other.

I am personally trying to build a cooperative that is mutually owned by employees, and it’s structurally really hard because the legal system doesn’t know anything about how to do that. The entire system is built on the assumption of profit maximization. You don’t go into a banking situation, without telling them the type of business, and the type of profit that you expect. so in every single aspect of attempting to do commerce in the United States, or worldwide today, the default functional system, which everybody uses, because there is no alternative system to use, makes it effectively impossible to do something else without totally building it yourself from scratch.

0 comments

XorNot2y ago

> You don’t go into a banking situation, without telling them the type of business, and the type of profit that you expect.

But that's because you're not just banking with someone, you're asking them for a loan. That money has a cost associated with it so the bank quite reasonably wants an indication you're able and likely to repay it.

Waste is waste under any economic model: if the input costs in whatever form they take exceed outputs the endeavor isn't viable.

j / k navigate · click thread line to collapse