Commentary

The Going Wage Is Not Necessarily a Fair Wage

Capitalism,Commentary,Enterprise Theory,Labor and Workplace 167

Reference code: C26-08 Why an employer and worker can agree on a wage that has already been shaped by employer labor-market power An employer offers a wage. A worker accepts it. Most people naturally assume that the agreement establishes a fair wage for the work. Modern research on labor monopsony...

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Why Commons Capitalism Took So Long to Emerge

Capitalism,Commentary,Enterprise Theory,Foundations and Philosophy,Governance and Structure 1276

Reference code: C26-01 Most people assume that, if an idea is sound, someone would have built it already. Commons Capitalism invites that assumption because the core concept is simple: keep markets and competition, but forbid private capture of surplus. If that is all it is, why did it not show up...

A Keynesian Critique of Commons Capitalism

Capitalism,Commentary,Economics and Surplus Allocation,Enterprise Theory,Foundations and Philosophy,Governance and Structure 1423

Reference code: C25-20 Why Keynes Would Pay Attention John Maynard Keynes would not have approached Commons Capitalism as a moral manifesto. He would have approached it as a machine: Does it keep employment high, keep investment steady, and keep the economy from falling into avoidable slumps? From...

Commons Capitalism and Ixtlán as “Market Enterprise Without Private Residual Claimants”

Commentary,Economics and Surplus Allocation,Enterprise Theory,Governance and Structure 1350

Reference code: C25-19 Ixtlán de Juárez is an Indigenous community in Oaxaca, Mexico, frequently discussed as an example of a high-functioning communal commons that operates sophisticated market-facing enterprises. The community is widely associated with community forestry and with operating...

Polycentric Governance Augmented by Worker Input

Commentary,Enterprise Theory,Governance and Structure,Labor and Workplace 1305

Reference code: C25-18 Polycentric Governance and Worker Input as Downturn Resilience A CCE is structurally positioned to weather economic stress better than a conventional firm, not because it is insulated from markets, but because its governance is designed to gather better information, make...

Paying Down the First Deal: The First CCE Uses Old-Fashioned Seller Financing

Commentary,Finance 1348

Reference code: C25-17 Only the first CCE typically faces the financing problem in its hardest form, because it starts with no money and no collateral. In practice, there are three commercially realistic ways to finance that first acquisition, listed here in descending order of practical viability...

Polycentric Governance Tends to Outperform Traditional Capitalist Governance

Capitalism,Commentary,Enterprise Theory,Governance and Structure 1301

Reference code: C25-16 The Concentrated-Power Problem in Traditional Capitalism In a conventional capitalist firm, economic authority tends to collapse into a single dominant center even when the org chart looks more complex. Shareholders (or the capital markets that discipline them) set the value...