Thanks for your response, Martin.

I’m not sure I really follow your line of argument. It is a bit of a cliche to say that capitalism implies an over-reliance on monetary rewards. I see no evidence of that necessarily being the case, and I see plenty of evidence to the contrary. I am served much better by Amazon than by my local council.

Your definition of a socially-owned business is a bit vague. Would you count the pre-privatization telecom and utilities organization in that category? The NHS? John Lewis? (If you’re not familiar with them, the NHS is the UK’s National Health Service, John Lewis is an employee-owned retail company)? Oxfam?

But in any case, I don’t think that the absence of a profit motive implies that employees are working for the common good, or indeed that employees are then solely driven by their intrinsic motivation. They may not have any.

Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius