The following is a continuation of previous posts on the possible nature of socialism that excludes the power of employers as a class.
In the following, Tony Smith elaborates on the right of use by workers of the places, machinery and so forth where they work, but with the local community being the owner of local resources (and regional and national communities being the owners of regional and national enterprises of regional or national scope). From Globalisation: A Systematic Marxian Account (2006. Boston: Brill), page 304:
(iv) Workers in enterprises are granted use rights to facilities and other means of production. But ultimate ownership rights remain with the local community. Workers cannot use their enterprise as a cash cow and then walk away; they have a legal duty to maintain the value of the community’s investments. If sufficient depreciation funds cannot be appropriated from revenues to maintain the value of these investments, it is the responsibility of community banks to shut down an enterprise. Once depreciated funds have been deducted, the remainder of the revenues from public allocations or sales in consumer/producer markets (apart from the taxes to be considered below) are then distributed among the members of the collective according to formulae set by the democratically accountable management
Since the workers are the trustees of the workplaces and not their owners, each year, the workers in the sector that produces either consumer goods for the market or the raw material, machines and so forth required to produce both themselves and consumer goods, have to set aside a certain amount of the proceeds from sales to purchase worn out means of production. The workers must also include in that depreciation fund a fund for repairs.
Workers have a responsibility to the present community and to future communities to maintain the general conditions for the continued livelihood of the community. This means that any cooperative that fails to maintain the value of the means of production must be closed down, and workers in such cooperatives must find work in another, more viable cooperative.
The sales revenue will be distributed generally into three parts: (1) the depreciation fund, (2) a tax on capital assets (which will be explained in another post), and a residual of what is called profits, to be distributed to the members of the cooperative as their personal income according to distribution rules created by themselves. (There also may be income tax and consumption tax, but I will not address that).
The Abolitionary 