U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-27-2012, 03:57 PM
 
4 posts, read 4,394 times
Reputation: 13

Advertisements

I've heard of community owned small business why not community owned corporations and factories? I keep hearing about how corporate America doesn't care about it's employees and how they need to stop outscoring and hire more America's and what not. Why don't communities start their own corporations and hire with in the community and split the profits among all the employees? We could even outsource the hard labor or use automated manufacturing to make products and the whole community would benefit because everyone would own a part of the company. We could have communality owed companies all over America and we'd all buy from each other and be in control of our own lives and employment. What do you guys think?

Last edited by kaniboo; 06-27-2012 at 04:09 PM..
Rate this post positively Reply With Quote Quick reply to this message

 
Old 06-27-2012, 04:06 PM
 
Location: Keosauqua, Iowa
9,270 posts, read 18,210,720 times
Reputation: 12635
It's already done. You don't hear much about it because it is usually pretty small-scale. If a business has the potential to get big enough for anyone to notice on a national level someone will have already started it in the private sector.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-27-2012, 04:11 PM
 
4 posts, read 4,394 times
Reputation: 13
Quote:
Originally Posted by duster1979 View Post
It's already done. You don't hear much about it because it is usually pretty small-scale. If a business has the potential to get big enough for anyone to notice on a national level someone will have already started it in the private sector.
Really? Interesting, looks like I have some reserch to do.

Oh and by the way, I don't want the Government to have anything to do with this. 100% public choice.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-27-2012, 04:18 PM
 
28,900 posts, read 49,117,191 times
Reputation: 46320
They are. When an area decides to have a formal local government, they incorporate.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-27-2012, 04:19 PM
 
Location: Keosauqua, Iowa
9,270 posts, read 18,210,720 times
Reputation: 12635
Quote:
Originally Posted by kaniboo View Post
Really? Interesting, looks like I have some reserch to do.

Oh and by the way, I don't want the Government to have anything to do with this. 100% public choice.
By "community" I assumed you meant businesses owned by local governments. It sounds like you're actually talking about a cooperative. Those are pretty common.

And frankly, they're not that much different than corporations, the only difference is how the business structure is set up.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-27-2012, 05:02 PM
 
4 posts, read 4,394 times
Reputation: 13
Quote:
Originally Posted by duster1979 View Post
By "community" I assumed you meant businesses owned by local governments. It sounds like you're actually talking about a cooperative. Those are pretty common.

And frankly, they're not that much different than corporations, the only difference is how the business structure is set up.
Thanks, after looking it up I guess I did mean cooperative. Are there any big cooperative companies out there? Like tech companies?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-28-2012, 01:20 PM
 
Location: Forests of Maine
32,469 posts, read 52,810,862 times
Reputation: 22257
One town we lived in [Norwich] bought their local mill and electric company. Converted it to run on natural gas and today has their own 'private' electric and gas company that provides everyone within city limits.

Where we live now, 2 towns over, they [Orono] have a water mill that makes power. It was built to power a commuter rail car between it and another city [Bangor]. The rail ran for decades just fine, until everyone started buying gasoline cars. Commuter rail use declined so the town sold it all to the regional electric company, who dismantled the rail line. Today the town still has the mill in it, but the electric company owns it and makes their profit from it.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-29-2012, 07:30 PM
 
4,711 posts, read 11,478,496 times
Reputation: 3789
The City of Green Bay, Wisconsin operates a very successful business called "The Pack".

The Pack provides extremely well-paying jobs. Unfortunately, few, if any local residents are qualified for these jobs...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-29-2012, 08:00 PM
 
12,798 posts, read 16,458,988 times
Reputation: 8823
With the possible exception of local utilities, cities should not be forming corporations. Taxpayer money should not be put at risk. In the case of a factory, when it shuts down there could be large losses. How about while it is in operation? Should city residents be on the hook for modernization and expansion expenses? If it is a business that could run at a profit, private firms could complain about unfair competition.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-06-2012, 08:07 AM
 
Location: Nesconset, NY
2,202 posts, read 3,782,352 times
Reputation: 2141
Cooperative Extension System Offices
What is an electric cooperative?
Cooperatives, United States
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6. The time now is 04:30 AM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top