zlacker

>they lack the capital

This is absolutely not true. In absolute numbers, the cost of starting a business is quite low, and workers have a lot of money, much more than their employers. And if workers collectively stop spending their salaries on unnecessary things, and instead organize a fund - on average, in 2 years they will have enough money to buy out the entire company they work for, or organize a comparable one.

There are no problems with capitalism, capitalism just allows you not to do all of this, not to suffer 2 years of poverty for the sake of living in a mud hut (if you're lucky enough).

>>Ray20+(OP)
You’re roughly describing the whole point of Yugoslavia’s workers’ self-management. This is in contrast to what the Eastern Bloc had with the government establishing and running the factories directly. Also in contrast to the capitalist system where someone with enough capital establishes and runs the factory themselves while employing the workers.

And no, you didn’t have to live in a mud hut for it. In fact, it was more affordable for the regular worker to build a house than it is now. Those houses were/are comparable to what you see in Germany today. Go check out the real estate market in Slovenia if you don’t believe me, look for houses built 1950-1990.