"So, in capitalism, wages are determined by the rarity and value of your skills, not by your effort."

Yes, the value of your pay is concomitant with the value of your work. Should it be otherwise?

You seem to believe that a person who spends half the day digging a hole, and the other half of the day filling the hole deserves to be paid just as much as the guy who develops a vaccine against Covid-19. I disagree.

"they propose that we let the workers own their companies. That way, there would be no separate class of shareholders; the workers and the owners would be the same people."

Did it ever occur to you that a company might want to improve its equipment? For example, they might want to replace the old software written in COBOL with something newer. Where will they get the money needed to purchase that new software? Will the workers forego their pay for a few months?

Companies in this position usually offer additional stock for sale. But that would lead to {horrors!} STOCKHOLDERS!!!! These companies with stockholders would have better equipment than the cooperatives you prefer, and would outcompete them. Too bad for the cooperatives.

I strongly urge you to take some time to learn about basic economics.

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Master of Science, Physics, 1975. Computer Game Designer. Interactive Storytelling. www.erasmatazz.com

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Chris Crawford

Chris Crawford

Master of Science, Physics, 1975. Computer Game Designer. Interactive Storytelling. www.erasmatazz.com

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