It is because of a limited understanding of companies in the startup phase.
At some point, there is enough cash flow to buy labour outright rather than giving up capital on each hire. This allows shareholders to captute all future capital created by future wagies.
You are most definitely right that the major shareholders aren’t the workers. The major shareholders are Gabe Newell, and some bankers in Japan.
Still, it is known that Valve employees are partially compensated with stock for working in the company, so most of the employees are still shareholders. They just aren’t the major ones.
“Valve is private, so its shareholders are its workers.”
I don’t know who keeps telling you libs this, but they’re lying.
I don’t think that misunderstanding is limited to the libs.
Sorry, I forgot about the useful idiot breed of fascist, compared to the “lies as a strategy” breed.
Oh whoops, I thought you were trying to be taken seriously. My bad.
Your boos mean nothing, you don’t even know what a lib is either.
They were so close…
It is because of a limited understanding of companies in the startup phase. At some point, there is enough cash flow to buy labour outright rather than giving up capital on each hire. This allows shareholders to captute all future capital created by future wagies.
Sorry, the way i phrased that does sound causal. It should say “and”.
Any real lib knows, public or private, there’s no way out of our capitalist downfall.
You are most definitely right that the major shareholders aren’t the workers. The major shareholders are Gabe Newell, and some bankers in Japan.
Still, it is known that Valve employees are partially compensated with stock for working in the company, so most of the employees are still shareholders. They just aren’t the major ones.
Sure, but that’s not what makes it a private company.
Ahh I get your point now, sorry I missed it. Yea, if people think that private company = employee shareholders, they are very wrong.