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Radical new Business Model

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banned Posted: Thu, Jul 17 2008 1:44 AM

http://youtube.com/watch?v=gG3HPX0D2mU

This is pretty awesome

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That is really awesome.  Thank you!

"When you're young you worry about people stealing your ideas, when you're old you worry that they won't." - David Friedman
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Wow, this really brightened my day.  I'm still not clear on where Semco would fall under (I suppose anarcho-capitalism), but the fact that something that different is being attempted (with concrete results, to boot) is just great.  I hope there are more related videos floating around. 

"Look at me, I'm quoting another user to show how wrong I think they are, out of arrogance of my own position. Wait, this is my own quote, oh shi-" ~ Nitroadict

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BinaryT replied on Thu, Jul 17 2008 8:53 AM

If this is what they can do under the current government, thinking about how society would work without it brings tears of joy to my eyes...

Thanks a lot for the link! :)

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krazy kaju replied on Thu, Jul 17 2008 10:02 AM

I dunno why all you guys are so happy about it. The fact that some anarcho-syndicalist somewhere is having a wet dream about this is enough to make me pissed this is happening.

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They think this is somehow counter capitalism, but in the end it's just another business model on the market, so syndicalists shouldn't be too excited. They're keen on excluding worker ownership under free markets, arbitrarily, like pretty much everything else socialists do. This isn't syndicalism though - it retains private property, to begin with, and all the features of markets. It's just widely dispersed ownership of a firm. The guy also makes good points on education.

-Jon

Freedom of markets is positively correlated with the degree of evolution in any society...

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krazy kaju replied on Thu, Jul 17 2008 10:32 AM

I understand this is still private property and is perfectly compatible with capitalism, it just makes me sick that somewhere, some syndicalist or wob is just loving this.

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Nitroadict replied on Thu, Jul 17 2008 10:40 AM

krazy kaju:

I understand this is still private property and is perfectly compatible with capitalism, it just makes me sick that somewhere, some syndicalist or wob is just loving this.



I understand what you mean, actually; syndicalist's would interpret this as an affirmation that they are correct, when in reality, it's just another model that is competing in the marketplace. 

It could be said Liberals would view this same situation sympathetically, but see it is as merley another reason for regulation as the company itself seems too "unstable" based upon the real life forces of the workers being (rightfully) pressured by the market to keep up the pace & motivation in order to compete.

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I think it is great because it challenges people to question why they have bosses, or why they tolerate lazy and ineffective coworkers.

It's a great video.  It deserves some promotion.

"When you're young you worry about people stealing your ideas, when you're old you worry that they won't." - David Friedman
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jmw replied on Thu, Jul 17 2008 4:51 PM

..spontaneous order in action...this isthe market reaction to the stagnant, oversized corporation.

 

thanks for sharing!

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solos replied on Fri, Jul 18 2008 5:38 AM

It seems the only thing that the union has done has gotten comics printed. The way the worker is paid takes away from collective bargaining cause. It doens't make sense to pay someone to supervise to make sure someone is doing their job. If they aren't, then they would be fired. The way the workers are kept in check reminds me of Heinlein's cell structure in "The Moon Is a Harsh Mistress".

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I saw this video a while back and found it very interesting, especially the ideas the guy had about schooling (all the damage is done, he says, around 2).  But I would certainly hesitate in making any statements about the ideology of a business model.  It might be superior, and it's certainly a neat idea, but a business is a business.  It's only as 'anarcho-capitalist' as the pot dealers around here.  Given the prevelance of voluntary relationships, almost any business or society is 'anarchic' in that it suffers but does not invite or utilize government intervention.

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yessir replied on Fri, Apr 17 2009 10:23 PM

 

banned:

I recommend everyone here to read "the future of management". It shows the radical new business models already implemented and what is to be expected in the future.

Here is a video from the author:

http://www.youtube.com/watch?v=TVX8XhiR1UY

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wilderness replied on Fri, Apr 17 2009 11:08 PM

banned:

Excellent!  Thanks for sharing.

"Do not put out the fire of the spirit." 1The 5:19
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bearing01 replied on Sat, Apr 18 2009 2:08 AM

The free market capitalism (that sort-of still exists in some places) now days is very impressive.  Companies willing to make drastic business model changes are flourishing.  Take Ryanair airlines (Irish). They're as cheap as possible.  Everything costs extra.  It's to your discretion if you want the extra good or service and you pay for it.  If no, you don't pay.

ABC Nightline:  ABC Video #1

and

Video #2

And they have great marketing:

Video #3

Video #4

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Ho Pin replied on Sat, Apr 18 2009 5:12 AM

It seems great. But I would just take it as a proof that other business models can work. Think that there could be the temptation around there that there is no need for more freedom because Semco proves that even in a interventionist country such as Brazil, this business model is working. Of course we know that anything that is done in Semco would be possible without property rights, but you know, socialist are better than us in distorting reality and persuading.

It doesn't prove that a sort of 'libertarian' company is superior to a traditional 'dictatorship' company with a strong hierarchy. What is superior is the capability of free market to select the companies that match consumer preferences, and get rid of the ones misallocating resources.

Of course, you can think that Semco is kind of libertarian society at a small scale, but I don't think so, it is just a company. Think in Hong Kong, perhaps it is not an example of libertarian world at all, but it is the closest example of free market capitalism that I can think of. Nothing is preventing many Hongkonese companies to follow Semco's model. But as far as I know it is not happening. What it is happening is free cooperation between companies, but companies itself are pretty hierarchical, with flexibility but with formal bosses deciding, controlling and supervising, much less that a few decades before, but still recognizable bosses.

If Semco's model become worldwide imitated and proves succesfull, it would be interesting to review whether Hayek's refutation of socialism based on knowledge widely concentrated vs knowledge widely dispersed in capitalism is more solid that we thought.

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Ho Pin:

It seems great. But I would just take it as a proof that other business models can work. Think that there could be the temptation around there that there is no need for more freedom because Semco proves that even in a interventionist country such as Brazil, this business model is working. Of course we know that anything that is done in Semco would be possible without property rights, but you know, socialist are better than us in distorting reality and persuading.

It doesn't prove that a sort of 'libertarian' company is superior to a traditional 'dictatorship' company with a strong hierarchy. What is superior is the capability of free market to select the companies that match consumer preferences, and get rid of the ones misallocating resources.

Of course, you can think that Semco is kind of libertarian society at a small scale, but I don't think so, it is just a company. Think in Hong Kong, perhaps it is not an example of libertarian world at all, but it is the closest example of free market capitalism that I can think of. Nothing is preventing many Hongkonese companies to follow Semco's model. But as far as I know it is not happening. What it is happening is free cooperation between companies, but companies itself are pretty hierarchical, with flexibility but with formal bosses deciding, controlling and supervising, much less that a few decades before, but still recognizable bosses.

If Semco's model become worldwide imitated and proves succesfull, it would be interesting to review whether Hayek's refutation of socialism based on knowledge widely concentrated vs knowledge widely dispersed in capitalism is more solid that we thought.

     It's the free market.  It is libertarian.  Whether in Hong Kong or Semco.  I didn't catch your point, maybe it's me.  You're not forced to work at a business in Hong Kong or Semco are you?  No.

 

"Do not put out the fire of the spirit." 1The 5:19
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Stranger replied on Sat, Apr 18 2009 11:58 AM

This is a management philosophy. I don't see how different it is from the Koch family's market-based management.

Of course the drawback, and the entrepreneur makes it clear at the end, is that the employees are more at risk. But as long as there is no problem filling staff the model works.

Even Wal-Mart gives its employees some freedom.

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The Rev replied on Sat, Apr 18 2009 4:12 PM

They're distilling out the Industrial Age regimentation and replacing it with an honest stake in the performance of the company.  Brilliant.

The Rev

Lifes a piece of shit, when you look at it

Life's a laugh and death's a joke, it's true

Just remember it's all a show, keep em laughing as you go

Just remember that the last laugh is on you

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William replied on Sat, Apr 18 2009 7:14 PM

Amazing video, Amazing ideas, amazing man.  In my small business I use a hands off type approach, I wouldn't have it any other way.  I have seen far too many owners and managers made less effective by their own inflated egos.

"I am not an ego along with other egos, but the sole ego: I am unique. Hence my wants too are unique, and my deeds; in short, everything about me is unique" Max Stirner
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Cork replied on Sat, Apr 18 2009 7:58 PM

Cool model, but as I pointed out to the mutualist who originally linked me the video, it's still hierarchical and has a division of labor (despite the autonomy).  The anarcho-lefties have yet to come up with any working example of the completely "flat" firms they want.

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