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Mutualist Blog: Free Market Anti-Capitalism

To dissolve, submerge, and cause to disappear the political or governmental system in the economic system by reducing, simplifying, decentralizing and suppressing, one after another, all the wheels of this great machine, which is called the Government or the State. --Proudhon, General Idea of the Revolution

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Location: Northwest Arkansas, United States

Sunday, July 16, 2006

Paging Michel Bauwens

Another one from Stumbling and Mumbling. Chris Dillow speculates "that shareholders have no function in human capital-intensive firms":

....innovation can't be managed from top-down. It relies upon communication, inspiration and dedication. These spring from a sense of fraternity and vocation, not from hierarchy and class conflict.

However, shareholders exacerbate the latter - especially if the flotation gave big windfalls to bosses - without contributing any great function.

Innovation-intensive companies, then, shouldn't have external, passive shareholders.

Sounds like what the P2P people have being saying for a long time.


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