zlacker

There are mechanisms which make firms more social: cooperatives. In another world, public infrastructure such as android would be owned by a cooperative of it's users. Instead, users are tenants of infrastructure owned by others, always vulnerable to the owners changing the deal

The problem is that it's difficult for cooperatives to raise capital: they can issue debt, but not equity (because the definition of a co-op is that it is owned by members (usually customers and employees )-and no-one else). But debt is not really risk capital in the same way as equity and doesn't enable bold initiatives and innovation.