What is Demand Coop and why tech workers should join one(cahootzcoops.com) |
What is Demand Coop and why tech workers should join one(cahootzcoops.com) |
The idea is: if sufficient consumers banded together and coordinated their spending power, they can drive decisions in the executive suite of the companies.
Nothing could be further from the truth. It's neither the spending of consumer nor even the spending of business that drive decisions. The only thing that drives decisions at that level is capital allocation - not spending allocation. Wealth drives these decision - not spending.
So if all these tech workers want to band together and do something about it, they would create their own ETF or mutual fund, and put all their wealth into that fund and then have the manager of that fund direct that capital based on their mission.
Of course you will see that this won't work because there just isn't enough capital here to move the market compared to the other capital allocators who are just trying to maximize returns.
Aligned with what? Whenever a central position is formed with power over something, even if it’s only a steering power, it will be sought out by power-hungry people and manipulated.
This thin proposal would be more interesting if it could give any discussion about the difficult points and how they’d address them rather than waving it all away under the guidance of a benevolent individual at the center.
To say I’m skeptical of an organization that wants to choose how to spend my money for me is an understatement.
I've been (unintentionally) part of two union drives in my own life and have seen friends in an unrelated field participate in a third. They make perfect sense in moments like our current one, where owners can hire dozens of attorneys to jeopardize your job while you of course are limited to whatever legal representation you've been saving up for.
There is no such thing. A problem with a union is that everyone's going the same place, and you're not driving. Maybe that place is better than where you could get to on your own, or maybe not. But one thing that is definitely not true is that your union is going to do exactly what you want.
These days I definitely believe that something needs to take up the role of fighting for the rights of labor, but I remain skeptical that unions, at least as they exist in the US, are the right tool for the job.
You just can't do that if you only want to be a passive member
Also in some jurisdictions, calling yourself a co-op without actually being one will get you into legal difficulties. Companies that don't quite fulfil all the requirements are careful not to call themselves once. Igalia, for example, are very serious about being worker owned and run, but they made the choice to have a slightly different structure so they don't call themselves a co-op.