Ways to improve the ownership economy — Mirror

Some questions to consider:

If Apple were structured as a worker-owned cooperative, the ownership stake of each of its 150,000 workers would be worth over $15m. On top of that, each employee would receive an annual dividend of over $400k. Ownership creates wealth, and its concentration helps create wealth inequality.

For networks that aim to be community owned, there should be some form of codetermination at the outset, allowing community proxies or representatives to be involved in treasury-related decisions -- particularly around token allocation.

Web 3.0 usage of the word "ownership" carries similar risks to the web 2.0 usage of the word "democracy".

One of the most overlooked elements of ownership in the web 3.0 space is financial transparency, particularly regarding investments and agreements. If the goal of "progressive decentralization" is to transition to community ownership, it would seem incongruent for early stage investments terms to be hidden from the community.

Disclosures of compensation within crypto networks should become a core standard in order to demonstrate real community ownership.

Who decides how tokens are allocated?

Community ownership is a virtuous aspiration among web3 organizations. However, without an agreed upon definition or collective understanding of what ownership actually is, we may inadvertently dilute or abstract its meaning.

Whereas "democracy" was redefined to mean "access", "ownership" risks being abstracted away to mean little more than "exposure to upside". Yes, having the ability for users to capture more value is good, but does it qualify as "ownership"?