Why Socialism Doesn’t Work
The owner of my super successful famous salon retired two months ago and gave the salon to her employees as collective ownership. And it is dying already. I arrived for my appointment today and nobody is here, nobody knows where anyone is, the place is a bloody mess. Everything looks like it’s aged decades. The workers are almost Soviet-like in terms of grumpiness. I feel like a regular Rip Van Winkle. The same decor, the same people, the same services, but it’s like it dropped off a cliff in matter of weeks. It’s clear the place will close down completely before the year is out.
I’ve been using this place for 8 years, and it has existed for 27. It’s a local institution. Nothing but collective ownership could have run it into the ground this fast.