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Would be interesting to see something like this governed by a community. Interesting in the light of DAO ownership. Any notable projects like this?



Member-owned co-ops like credit unions and REI come to mind. They follow a "one member, one vote" rule. Credit unions are not-for-profit, while REI makes billions in revenue, and both provide great service. They're an existence proof that it's possible to still be a good business while governed democratically.

In some countries like Finland, the democratic government holds some large non-majority stake in companies that affect the public interest. However, I don't think that model would work in the US, particularly in light of some unique jurisprudence (Buckley v. Valeo, Citizens United v. FEC, and Americans for Prosperity v. Bonta) that make all three branches of government captive institutions to a small number of wealthy donors.


> Credit unions are not-for-profit, while REI makes billions in revenue,

Periodic reminder: revenue is not profit. A not-for-profit can bring in billions in revenue. (I don’t know of any non-profit organizations that fit this description)




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