Preferences

As a democratic socialist, I find this article fails to back its claim that equity is theft. Workers at startups get equity; this is why they work so hard. Would a worker cooperative be better? Possibly, but there is little incentive for the person with the capital to risk their wealth if they don't get a stake that is commensurate to the risk they are taking. I think if anything, startups are a massive improvement over public corporations because they regularly provide a means for a talented person with no capital to become an owner. If I were to critique capitalism, I would hardly start with a startup, which is the closest thing we have to a worker cooperative. I would go after private equity, which is perhaps the most evil of all of capitalism in its various forms, the equivalent of a blood sucking creature straight out of the D&D Monster Manual.