On collective ownership and voting the founder out of the company

This has been troubling me about. Would like to know what is your solution. So let's say we have an economy that has collectively owned and managed enterprises (democratic socialism). I'm starting on my own a new company, and so start working hard, do hundreds of hours of unpaid work just to get things starting. Let's then assume I start to finally see some results and the product/sercice I'm producing is getting so popular that I alone cannot keep up with the demand. I need more workers to do the necessary labor. Now in socialism if I want to have more people working in the company, I would have to give up equal share of profit and ownership over to the other workers. So if I need 19 more workers I would only own 1/20th of the company. Even though I was the one who set up everything. But what's worse, I only have 1 vote, out of 20 and the rest of the workers can just decide to vote me out, fire me, from my own company! It seems so wrong. But maybe I'm just missing something or didn't understood this whole democracy at workplace idea. Please Dr. Wolff, can you offer a solution/explanation how this situation would be solved under the system your advocating? Thank you.

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  • Judith Turner
    commented 2017-03-08 14:08:08 -0500
    I dont believe you are correct, you can keep more of the shares and you don’t just give shares away you sell them to the new workers usually after a wailing period
  • Vauvalaiskis
    published this page in Ask Prof. Wolff 2017-03-05 22:31:52 -0500