A corporation is a centralized command economy built in accordance with the credo “from each according to his capacity; to each according to his need”.

Capitalism exists at the scale of an economy. It does not exist within companies, except in the black market for office supplies in the places that don’t supply enough.

[–] jlou@mastodon.social 1 points 3 months ago* (last edited 3 months ago)

Capitalism is a system of property relations and labor relations. It is conceivable to not have those property relations and labor relations in a firm. However, a corporation doesn't do that as the employer solely appropriates the entire positive and negative result of production i.e. the property rights to the produced outputs and liabilities for the used-up inputs. In a worker coop, the workers jointly appropriate the fruits of their labor. Capitalist property relations aren't present @memes