this post was submitted on 09 Dec 2024
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Late Stage Capitalism
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Do you think the board pays the overhead?
If you and your friends start a business everyone pays their part to launch it, just like any other business, the difference is that the workers own the business so they split the profits and decide how it's ran.
Look into workers cooperatives, you might have people who provided the funds to launch it, but after a while the business is supposed to be able to refund them if they ask for the money back. Otherwise it's like any other business, revenues are used to pay what's necessary for the business to run.