Collective business
A collective business is a business that is owned collectively.
Collective Business Ethics
From Collective Business Ethics - a tentative manifesto:
- Principle 1 : every hour worked for a collective business has the same value as every other.
- Principle 2 : individual members of a collective business should avoid becoming entirely dependent on the income they receive in lieu of the share of the profit they expect to receive when this is booked at the end of the year.
Problems:
- It requires keeping close track of hours worked for the collective.
- It requires financial independence, which is a bit hard if all work members do is for the collective.
Possible solutions:
- Be creative with "income", make sure that members don't need a lot of income.
- Set a basic income.