| Comment | > I think you misunderstand what a co-op is, not me.
No, it's definitely you, you seem to be unable to separate out 'being paid a salary' from 'owning equity' and incapable of understanding that private equity is but one mechanism of financing a company.
Explain to me why a co-op running at a loss, as long as it is not bankrupt, makes any greater difference to it's employees wages than a private-equity-firm running at a loss? There's no reason why the books are any different
Private equity is not the only route to financing a company, just because the workers own the company does not mean they are the source of the finance. Obviously they are not, because if they were they probably wouldn't need the jobs! |
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