And may I suggest a simple method: have employees vote for executives
Incentives align naturally when there is two way feedback
And may I suggest a simple method: have employees vote for executives
Incentives align naturally when there is two way feedback
When the interests of employees are put ahead of the success of the company, in the long run the employees end up losing because the company will fail, or at least need to lay people off.
Also, most employees simply aren't capable of understanding or judging executives more than a few levels above them. I'd hate to work somewhere where the junior devs get to pick the engineering directors, for example.
Maybe employees will make intelligent informed decisions about who is actually capable as an executive. Maybe they will make more effective decisions themselves if they have a greater say and commitment to the company.
Maybe not. Maybe we shall fall into totalitarian dystopias and the dream of universal suffrage will enter myth.
maybe
> Maybe employees will make intelligent informed decisions about who is actually capable as an executive. Maybe they will make more effective decisions themselves if they have a greater say and commitment to the company.
Yes, intelligent decisions. Such a red herring. For what is an “intelligent decision” in the market economy? Maximizing profits. So either the workers work within the bourgeoisie logic of maximizing profits—creating the same problems for themselves as they had under command economy rule—or they make “unintelligent decisions” by proritizing their collective selves. With the former they “fail the test” of this red herring scenario because intelligent decisions according to the workers are not the same as intelligent decisions according to the bourgeoisie.
What's left is politicians wanting to do something for the home crowds, and realising wrapping themselves in the flag won't cut it - so they go for stuff that will benefit everyone - build a railway from the tip of Italy to the top of Sweden ? Yeah why not that ought to provide a stronger market. We can sell that back home.
If you are diverse enough the phase space of intelligent decisions becomes fairly narrow and surprisingly good for everyone.