Quote (NetflixAdaptationWidow @ 22 Aug 2021 19:03)
Unfortunately, we are in a situation where the whole of the system is organized against co-ops. Our current property laws make it extremely difficult to operate as a co-op without a significant employee buy-in to fund the operation.
Like, if I take out a million dollar loan to start a business and believe in co-ops, I can't just transition it to an employee owned co-op once it's founded because I'm out a million dollars to start and turn the thing on. When I hire an employee they would need to make a buy-in to fund the business for that to work out.
So I can't really judge somebody for not wanting to go full socialist in a property system that makes it exceptionally difficult to do so.
He founded the magazine after a Kickstarter campaign crowd-funded $16k...
https://www.kickstarter.com/projects/804992239/current-affairs-a-colorful-political-magazineIt should be noted that the guy holds a J.D. and a PhD from Ivy League colleges, has published numerous books, is a household name and generally doesn't come across like someone who's having to worry about money. I seriously doubt that he would feel the impact of writing off a $16k investment.
Your argument might be valid when a young entrepreneur wants to fund the next Tesla Inc. and has to take out huge loans, but surely not in the case of a little niche magazine that carries little upfront cost to get running.
This post was edited by Black XistenZ on Aug 22 2021 08:41pm