Why don't communities start their own corporations? (small business, expenses, buy)
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I've heard of community owned small business why not community owned corporations and factories? I keep hearing about how corporate America doesn't care about it's employees and how they need to stop outscoring and hire more America's and what not. Why don't communities start their own corporations and hire with in the community and split the profits among all the employees? We could even outsource the hard labor or use automated manufacturing to make products and the whole community would benefit because everyone would own a part of the company. We could have communality owed companies all over America and we'd all buy from each other and be in control of our own lives and employment. What do you guys think?
It's already done. You don't hear much about it because it is usually pretty small-scale. If a business has the potential to get big enough for anyone to notice on a national level someone will have already started it in the private sector.
It's already done. You don't hear much about it because it is usually pretty small-scale. If a business has the potential to get big enough for anyone to notice on a national level someone will have already started it in the private sector.
Really? Interesting, looks like I have some reserch to do.
Oh and by the way, I don't want the Government to have anything to do with this. 100% public choice.
Really? Interesting, looks like I have some reserch to do.
Oh and by the way, I don't want the Government to have anything to do with this. 100% public choice.
By "community" I assumed you meant businesses owned by local governments. It sounds like you're actually talking about a cooperative. Those are pretty common.
And frankly, they're not that much different than corporations, the only difference is how the business structure is set up.
By "community" I assumed you meant businesses owned by local governments. It sounds like you're actually talking about a cooperative. Those are pretty common.
And frankly, they're not that much different than corporations, the only difference is how the business structure is set up.
Thanks, after looking it up I guess I did mean cooperative. Are there any big cooperative companies out there? Like tech companies?
One town we lived in [Norwich] bought their local mill and electric company. Converted it to run on natural gas and today has their own 'private' electric and gas company that provides everyone within city limits.
Where we live now, 2 towns over, they [Orono] have a water mill that makes power. It was built to power a commuter rail car between it and another city [Bangor]. The rail ran for decades just fine, until everyone started buying gasoline cars. Commuter rail use declined so the town sold it all to the regional electric company, who dismantled the rail line. Today the town still has the mill in it, but the electric company owns it and makes their profit from it.
With the possible exception of local utilities, cities should not be forming corporations. Taxpayer money should not be put at risk. In the case of a factory, when it shuts down there could be large losses. How about while it is in operation? Should city residents be on the hook for modernization and expansion expenses? If it is a business that could run at a profit, private firms could complain about unfair competition.
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