Ultragigagigantic@lemmy.world to Lemmy Shitpost@lemmy.world · 2 years agoThomas Edison was the Elon musk of his eralemmy.worldimagemessage-square140fedilinkarrow-up11.81Kfile-text
arrow-up11.81KimageThomas Edison was the Elon musk of his eralemmy.worldUltragigagigantic@lemmy.world to Lemmy Shitpost@lemmy.world · 2 years agomessage-square140fedilinkfile-text
minus-squarePotatoesFall@discuss.tchncs.delinkfedilinkarrow-up2·2 years agoinvestment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up1·2 years agoIf nobody has profits, what is there to invest?
minus-squarePotatoesFall@discuss.tchncs.delinkfedilinkarrow-up2·2 years agoYou can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up1·2 years agoLoan what? Banks can only work if someone has already made a profit that they can invest.
minus-squarePotatoesFall@discuss.tchncs.delinkfedilinkarrow-up1·2 years agoYeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.
investment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
If nobody has profits, what is there to invest?
You can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
Loan what? Banks can only work if someone has already made a profit that they can invest.
Yeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.