this post was submitted on 29 Sep 2023
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I'm sure there are. But, at least in the states, many tech people are also right-leaning libertarians. Co-ops are unpopular with them because they want to be the kings in the castle, not equal with their peers.
Co-ops are quite rare in Europe as well. I can't name a single tech co-op.
In fact I'd say it worse over here. In my experience stock options are a very rare kind of remuneration, whereas as far as I understand it's common in US Big Tech companies like Google or Apple (though of course non-voting shares are a far cry from actual co-ownership of the company).
On the other hand corporate profits are taxed pretty high in many countries (for the smaller tech companies that aren't based in Ireland). It's 30 % here in Belgium IIRC. So at least some of the profits make it back to the people, in a more general sense.
Makes sense I guess. Thanks for elaborating.