LogFAQs > #900285916

darkjedilink posted...

The23rdMagus posted...

darkjedilink posted...

Questionmarktarius posted...

darkjedilink posted...

By this definition, Walmart is a Communist corporation.

Well... it's roughly as exploitative as communist nations, so yeah?

No - I mean it's legitimately employee-owned - the largest Walmart-related shareholder group is Walmart employees, who own a larger share of the company than the entire board.

But they can't unionize or otherwise bargain collectively or they're fired.

So? If the definition of Communism is that the workers own the means of production, Walmart is Communist.

Some corporations are majority employee-owned; the term "employee-owned corporation" often refers to such companies. Such organizations are similar to worker cooperatives, but unlike cooperatives, control of the company's capital is not necessarily evenly distributed. In many cases, voting rights are given only to certain shareholders, and more senior employees may be allocated more shares than new hires; typically, they are tied to the compensation an employee receives from the company. Compared with cooperatives, ESOP-centered corporations often allow for company executives to have greater flexibility and control in governing and managing the corporation.

So workers aren't really in charge. They might own it shares of it, but certainly do not have democratic control of it which is what socialism is.

Communism is also stateless which we are far from from.There has been no true communist society just a bunch of states hijacked by a vanguard party that promise to bring communism to the people and instead turn the state into an authoritian nightmare. Would communism ever actually exist, your guess is as good as mine, but most westerners think not.
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