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Workers Make Smartphones. They Design Them, Assemble them and Sell them. Capitalism stole the credit and makes them worse
(lemmy.world)
this post was submitted on 23 Sep 2024
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A company only sells assets after they've gone into full bankruptcy liquidation. The company itself would continue to own all the assets. It's the PROFITS that would go to the workers. So no buy-in or any of that other stuff required. Apple's profit in 2023 was 170 billion, still a huge number, and yes, all of that profit should go to the workers. There's no justifiable reason why it should go to anyone other than the people who did the work.
To your other point, there would be a buffer fund for lean years.
OK, so why the phrase "workers own the means of production"? The plain English interpretation of that phrase is substantially different from the workers not owning the means but receiving the profits.