I’ve been giving Spain too much credit lately, but I forgot that this shit is still legal. Barbaric traditions from the past should stay in the past.

“But you see, they told me it’s for democracy and freedom!”

Stock markets go up, but most of that wealth is transferred to capitalists:

https://yourfairshare.info/dataviz_market_gains

Railways were a thing when communism was developing during Marx’s times and Lenin wrote extensively about railways. Their analysis is still very valid, and if anything, planning has become more feasible than 100 years ago thanks to computers. There are some modern proposals, but they are still very much based on socialism, since capitalism can only lead us to ruin.

each employee provides $2.3 million worth of value

Market cap is just the value at which shares are sold on the market, not necessarily the actual value of the company. It implies a lot speculation for investors on how much they expect to gain from the ownership. The company equity/net worth is a more accurate indicator. What you’re calculating is the accumulated value in time, not yearly.

If you want the ratio of generated value to wages paid, it’s hard to accurately calculate with just public data, but you can approximate it so: in a given year, take the operating income and divide it by the number of employees. Operating income accounts for overhead expenses like SG&A (Sales General & Admin), which includes things that you can argue are useless (like wages for execs, middle management, and sales), but they also include admin costs like office rents, etc. Then you also have to find the average/median wage of a worker at the company, so the total is:

yearly value created by a worker = (operating income / n. of workers) + median wage

You can also do a quick calculation using this tool: https://yourfairshare.info/

It’s interesting to note how in all of these top companies, for every 1$ paid to workers, another ~1$ is transferred to capitalists through dividends and buybacks.

Here’s a site that calculates basically how much you’re being exploited in a company. It’s mostly for American stock exchanges, but if you can find the financial reports of your company you can apply the same method (it’s nicely described).

https://yourfairshare.info/

The top comment doesn’t really work, because even if workers pooled the money together, shareholders or execs might refuse to sell their shares if they are expecting it to grow and pay them out more in the future. Buying up companies to turn into coops doesn’t work (except for failing/bankrupt companies), because it takes capital to do that, which workers don’t have by definition.

55% is a small majority

Laughs in Brexit