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Why is it such a crazy idea that the public should own the means of production? (lemmy.ca)

submitted 1 day ago by the_wizard_of_0Z@lemmy.ca to c/asklemmy@lemmy.ml

51 comments fedilink hide all child comments

We have lost all sense of self preservation. Almost like we the gipity. Which came first the gipity or the ape? I swear chain smoking monkeys driving cars.

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[–] mrcleanup@lemmy.world 3 points 18 hours ago (1 children)

You don't get to take the stock when you go, you get cash value in a retirement account and the company reclaims the stock for future accrual by employees.

[–] ada@lemmy.blahaj.zone 0 points 18 hours ago* (last edited 18 hours ago) (1 children)

What determines cash value in that case?

[–] mrcleanup@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

The company has it's value reassessed each year by an accounting firm that specializes in these evaluations. That determines stock price.