(December 3, 2022 at 8:47 am)Belacqua Wrote:(December 3, 2022 at 8:12 am)Jehanne Wrote: 11 more years!!
I was interested to learn recently that electronics giant Huawei is socialist -- it is wholly owned by its employees. Its founder has only a 1.7% share.
This is one of the reasons the US has been working to block them through unfair trade practices -- for example imprisoning their CFO on bogus charges. It's because the US doesn't like it when the workers make the profits, rather than Wall Street investment types.
The other reason is that the US spy agencies want back door access to all electronic communications (as Edward Snowden revealed) and Huawei doesn't play along.
Being owned by employees is not socialist, eventhough it elicits knee jerk reaction from those who thinks society can only be grudgingly allowed to exist if it makes no imposition whatsoever on them while doing nothing but labor to enrich and aggrandize themselves. To be socialist the rest of the society must be entitled to share in the profits of the company as if they were the owners.
