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Chris Trottier

The difference between Substack and my Fediverse servers is that Substack has a fiduciary duty to shareholders to generate profit.

I do not.

4 comments
Mark Britten

@atomicpoet On a less financial point, the issue I have with it is that it's not really comparable to #twitter , it's more like a blogging platform. Which isn't, in itself, a bad thing, but it's not a twitter replacement.

DELETED

@atomicpoet It's another commercial alternative, but because authors on there can monetize their work, it's going to drive journos there. But not so sure it's sustainable as people will only pay for one or two Substacks at most.

Aaron

@atomicpoet And this is the bottom line. You just summed up everything that's wrong with the model of capitalism that America follows, in one thread.

Imagine if instead of having an IPO to get their payday after building a business, the founders instead sold the company to the workers or customers, and it was converted to a co-op. Suddenly the motive from start to finish becomes building value for the community, period. No more shady manipulations, where customers are frogs in a warming pot, becoming nothing more than resources to mine.

Imagine if all businesses either stayed privately owned or went this route. No more swinging, crashing stock markets. No more billionaire oligarchs living on financial rent. No more treating human beings like livestock milked for their money by strangers so far removed that they can't remember the humanity of those they are exploiting.

@atomicpoet And this is the bottom line. You just summed up everything that's wrong with the model of capitalism that America follows, in one thread.

Imagine if instead of having an IPO to get their payday after building a business, the founders instead sold the company to the workers or customers, and it was converted to a co-op. Suddenly the motive from start to finish becomes building value for the community, period. No more shady manipulations, where customers are frogs in a warming pot, becoming...

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