Not quite. Voting rights over firm governance are non-transferable/inalienable. The employer-employee contract is abolished, and everyone is always individually or jointly self-employed.
Incorporating social objectives should be done at the level of associations of worker coops
Things are even more complicated than that due to the existence of liberal anti-capitalists that interpret the liberal theory of inalienable rights, which originated in the abolitionist, democratic and feminist movements, as also invalidating the employer-employee contract.
In other words, there is overlap between liberals and leftists as well
While many socialists supported worker coops in the interim, an economy of exclusively worker coops comes more so from the classical laborists such as Proudhon.
I'm aware of the standard line.
De facto responsibility can't be transferred from the employees solely to the employer to match the legal responsibility assignment in the employer-employee contract. A thought experiment showing this is to consider an employer and employee cooperating to commit a crime. The employee can't argue that they sold their labor, and are not responsible. The law correctly applies the principle of legal and de facto responsibility matching. Both are criminous
An employer, in principle, can hire both labor and capital, so they don't have to own capital. In practice, employers tend to be corporations that own capital due to bargaining power.
Workers consent to employment terms, but they can't fulfill them. The problem is that consent is not a sufficient condition to transfer de facto responsibility.
Abolishing employment doesn't infringe on property rights. Employment contracts infringe on labor's property rights to the fruits of labor
@politics
Workers are de facto responsible for creating the opportunities that employers gate keep. Employers violate workers' inalienable rights. The workers are de facto responsible for using up inputs to produce outputs, but the employer gets sole legal responsibility for the positive and negative results of production. This violates the principle that legal and de facto responsibility should match.
No one is responsible for creating land. Landlords deny everyone's equal claim to land
Intellectually honest people that for whatever reason started out on the center-right can be convinced to support worker coops. The arguments in favor of them are personal responsibility arguments that center-right people tend to favor. I actually posted one such moral argument for worker coops in this community. Here is a link to that post:
I agree that it is not capitalism as it abolishes the employer-employee contract, but it isn't quite socialism either because it is technically compatible with private property.
In terms of expanding the worker coop sector, I actually have some ideas for getting startup funding for worker coops, and creating economic entities that would buy up capitalist firms and convert them into worker coops
There are 2 risk reduction strategies commitment-based and diversification based. The diversification-based strategy is the usual spread your eggs across many baskets strategy, but there is also a commitment-based dual strategy where you put your eggs in a few baskets and watch over them carefully.
Workers in coops can share risks with investors with non-voting preferred shares and other financial instruments. They can diversify by investing in other worker coops non-voting shares
There would still be limited liability. Furthermore, they can share risks with investors, and self-insure against risk as well @general
The ancap vision lacks necessities for stable stateless societies besides the dual logics of exit and commitment. By having some rights be non-transferable, it prevents them from accumulating and concentrating maintaining decentralization and preventing collusion to form a state. There is no middle ground, in the ancap vision, between full economic planning of the firm and completely uncoordinated atomized individuals in the market. The groups I describe provide that.
@technology
Thank you for making my argument for me. Now, what morally relevantly changes when workers cooperate to produce a widget on behalf of the employer instead of committing crimes for the employer? Do they become non-conscious non-responsible robots? No.
Legal responsibility matching de facto responsibility implies that all firms should be mandated to be worker coops, and rules out employer-employee contracts. In worker coops, the workers are jointly legally responsible for the results
@politics