Mastodon has taken the strategic decision not to accept venture capital investments for growth, but rather restructure to a European non-profit organisation. 👏

https://blog.joinmastodon.org/2025/05/evolving-the-team/

Evolving the Team

An update on Mastodon’s core team and organisation.

Mastodon Blog
@jan More of this, please. Imagine if all companies followed this model. Better yet, if they all functioned as cooperatives. No billionaire shareholders, feeding off every single economic exchange between us lowly serfs. No perverse incentives to satisfy those shareholders' demands for profit at the expense of the needs of workers and users/consumers/clients. No well-defined concept of "profit" in the first place, because any extra money would be reinvested back into infrastructure or passed back to customers and workers via lower prices or better wages.
@hosford42 @jan
Mostly sounds good, but I think that as long as money exists, there will be profit, and it will spoil things. The USSR made profit outright illegal, and they still ended up weakening those laws until it devolved into the kleptocracy it is now. The lure of accumulating wealth was too strong even for them.

@murdoc We shouldn't use that as an excuse to avoid taking steps in the right direction. First, we have to break society's addiction to profit. Then we can take further steps.

Honestly, I don't think money itself is the problem; it's just IOUs. It's how we think about wealth, earning, sharing, society benefit, personal worth, work, etc. People will always cheat and steal and hoard. They did that before money, and they will do it after money. But profit, as a concept, is a normalization of that process, treating it as legal, morally acceptable, or even virtuous. We have whole legal systems and societal conventions built up around that concept, making it easy for those with wealth to extract more, while acting as if they somehow benefit the rest of us. Adam Smith's "invisible hand" was mutated from a simple observation that selfish and altruistic goals can be aligned sometimes by the market, into justification for the entrenchment of ongoing pillaging of the poor by the rich.

@hosford42 @murdoc wealth is fine. What needs to be abolished is greed.

Greed perverts wealth into the entire focus of a person’s life.

A greed-less egalitarian society would be ideal imo, which is very much my opinion.

@elebertus @hosford42
"You can't blame the louse for thriving in a lousy environment." -Howard Scott

People have been trying for millennia to change people's behavior like that and without success. Greed thrives because our system not only enables it, but rewards it as well. Not only with a better life, but with the power to accumulate more wealth and power.

First you have to change their environment, then their behavior will change automatically. Change the rules of the game so that bad behavior is no longer rewarded (or even possible), and people will stop doing it (short of pathological reasons of course).

@murdoc @hosford42 another take is that we simply have too many people and too many resources for greed to be abolished.

While what you suggest is a very sensible and pragmatic solution it ultimately is yet another mechanism to control another human’s behavior.

We simply cannot be truly free when greed can exist.

@elebertus @hosford42
What I talking about it not about control. It's about changing the rules of the game.

I said this already in another reply here, but greed is not an intrinsic trait of humanity. I realize that all of human history tells us otherwise, but if you've never seen iron above a certain temperature, then you'd have good reason to believe that it is always dull and solid. But those are not intrinsic traits to iron. Change its environment enough, and its behavior changes a lot.

Similarly, I think that greed is not an intrinsic trait, but rather a means to an end. Find a different way to satisfy those ends, and there is no longer any need for those means.

@murdoc @hosford42

A system to control the behavior of people is control. Limiting wealth, or maximizing wealth is control. It controls how much wealth a person can or does have.

Ignoring human history for the sake of debating a theoretical idyllic system is not even entertaining.

I understand this is all just discussion but what you’re saying is blatantly ignoring facts. There’s enough of that in real life for me already.