Mondragon in Spain's Basque country is the largest worker cooperative in the world, tens of thousands of workers, billions in revenue, and the pay ratio between top and bottom is capped around 6 to 1. Mondragon Corporation. No billionaires, no poverty wages, and the company competes globally. So the 'but who would build the companies' argument has a living counterexample with 60 years of history. You can have large scale enterprise, innovation, and exports without concentrating the surplus in one person's hands. The billionaire is a choice of organizational design, not a law of nature.
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