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That solution doesn't work in practice because a nontrivial number of those workers are perfectly willing to exploit others for their own personal gain. Turns out people have flaws.

Unions are the best compromise anyone's found between capital and labor.




Is there evidence of this happening in existing worker-owned cooperatives?


During early 90-s, after USSR collapse, many factories in Russia have been privatized, and shares distributed among workers.

Guess who of the workers became rich and who stayed poor?




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