What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

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What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead?

Yes
5
42%
No
3
25%
Who knows
4
33%
 
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Blog47177
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What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

Post by Blog47177 »

How much better would we be if Most of the platforms we go on are tied to Worker Cooperatives and not Venture Capitalists? I heard stuff that this is where some of the toxic work culture like places at Meta, Twitter, Bytedance, Amazon, and others come from is directed at Venture Capitalists outlets that have investments in major platforms. I know Venture Capitalists like to pressure startup companies to have unreasonable growth to the point it leads to a toxic work culture. They like to build themselves as all hype before we find out the long term effects of these products at play. Say Twitter, Amazon, Bytedance, Meta, Google operated via worker cooperatives like Mondragon Coop would we have the same effects or a better outcome?

https://www.usworker.coop/what-is-a-worker-cooperative/

https://www.theatlantic.com/business/ar ... es/397007/

https://www.businessinsider.com/rise-fa ... ing-2023-1

https://www.reuters.com/legal/ftx-custo ... 023-02-15/


https://en.wikipedia.org/wiki/Mondragon_Corporation






Here is the US example of Worker Co-ops.
Last edited by Blog47177 on Sat Feb 25, 2023 8:42 pm, edited 1 time in total.
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Re: What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

Post by Blog47177 »

https://www.mondragon-corporation.com/en/

Here is a better angle on this


https://community-wealth.org/content/cl ... ity-wealth

In some parts of the USA it's called the Cleveland model and the notable model that the worker co-op is known to be used in retail like Winco in the USA.




Here is the notable talk on how VC's created the situation tech is in today.

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Re: What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

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https://www.usworker.coop/blog/comment- ... s-by-3-16/


Here is one to consider. It is called the Chips and Science Act (P.L. 117-167)

Tech Hubs Program
Last year, cooperatives were named as an important part of the federal government’s Regional Technology and Innovation Hub (Tech Hubs) program, authorized through the Chips and Science Act (P.L. 117-167). The wheels for this program are now in motion, and the Economic Development Administration (EDA) announced a Request for Information to inform the planning and design of the Tech Hubs program.

The Tech Hubs program is an economic development initiative to drive technology- and innovation-centric growth that creates good jobs for American workers. Cooperative development centers and associations, and CDFIs are named as eligible partners to drive regional strategies to support this growth. The Tech Hubs program is an opportunity to develop and expand cooperatives, leveraging federal dollars specifically for technology and innovation cooperatives.

Grants or cooperative agreements will be awarded to regional hubs for the implementation of innovation strategies under four different categories: workforce development, business and entrepreneur development, technology development and maturation, and infrastructure-related activities.
https://www.usworker.coop/blog/the-usfw ... ience-act/

Here are more details.
The Chips and Science Act includes three main provisions featuring worker ownership:

worker ownership development centers and associations are named as allowable partners in regional technology and innovation strategies through the Regional Technology and Innovation Hub Program;
education and training on worker ownership practices can be provided to manufacturing companies through the Hollings Manufacturing Extension Partnership; and
worker ownership development centers and associations are named as allowable partners in strategies to facilitate clean energy products, processes, and services through the Regional Clean Energy Innovation Program.
These programs are a significant step in spotlighting worker cooperatives as a tool to create strong, resilient businesses, providing a path for developing tech and manufacturing businesses to learn about and pursue employee ownership models such as worker co-ops and ESOPs. The Chips and Science Act acknowledges that worker ownership models provide economic stability, high-wage jobs, and opportunity— particularly for low income communities, Black and Brown communities, and others traditionally locked out of upward economic mobility.

“As we scale up federal investment to boost innovation and grow the industries of the future, we must be relentless in centering the needs and voices of workers,” said Congressman Jamaal Bowman, Ed.D. (NY-16). “In helping to craft the language of the CHIPS and Science Act, my number one priority was to incorporate equity throughout — to create excellent jobs that can build and keep wealth in local communities. The worker cooperative model is one of our best tools for achieving that goal. I was proud to collaborate with USFWC to establish a key role for worker coops in the bill’s regional technology hubs program, and I look forward to continuing the partnership as we bring these investments home.”
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Re: What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

Post by Rynn »

No, because we did have something of a cooperative effort outside of large companies during the early years of the internet. By and large the early internet was driven by computer geeks working towards like minded goals - it's the same era that saw the birth of Linux and the open source movement. To this day we have tons of groups building cools things together.

The Internet was already moving full steam ahead when the current players joined the game. Microsoft almost missed the boat initially but then got on board. Amazon came shortly after but it wasn't the behemoth we have today but rather an awesome place to grab books that might not be available in your area. Google came shortly after and made searching the internet an almost magical experience.

The crucial detail is that before Microsoft, Amazon, and Google came along, there were existing software and solutions for what they provided, but without that level of polish. Microsoft trumped all other OSs at the time for ease of use for the average user, Amazon was way easier than the other early e-commerce sites, and Google's search results were way faster than digging through Yahoo's directories or Webcrawler's search results.

The current internet's fate was sealed the moment businesses realized it was a viable, major economic platform. That's when everything shifted and became the mess we have today. With the technology stack as it is, it was only a matter of time before we reached the current stage in its development.
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Re: What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

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This is where we are now its that tech VC's resort to investing in scam operations like cryptocurrency all for speculation.
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Re: What if Venture Capitalists didn't fund the Internet but Worker Cooperatives Instead would we be better off?

Post by Blog47177 »

viewtopic.php?p=4510#p4510


Here is a related thread but it's focused more on the toxic effects on the staff.
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