[max_hoffmann]

Where’s the cooperative in your example? Either you are a freelance author who has a contract with a publishing cooperative. In this case you have a contract with that cooperative and during the negotation process both sides decide together what happens in case of death before publication. Or you are an author inside a publishing cooperative, so you own part of that cooperative and decide together with the other authors, publishers etc. what will happen, if somebody dies before the publication of their book. In both cases the author is part of the decision of what should happen in case of an early death.

[chongli]

The example way above was NVIDIA. Suppose the person who passed away was one of the founding researchers at the NVIDIA worker coop. They developed most of the key technologies that go into a graphics card, but they died during the later stages of production ramp up, before the first GPUs are able to hit the market.

The issue is that the deceased researcher's contribution to the project may be so central and foundational that they may be entitled to a large plurality (or even majority) stake, but forcing the other worker-owners to buy out that stake to pay the estate would bankrupt the coop at this critical pre-production stage. Since only active workers are allowed to maintain ownership, allowing the estate to retain those shares and later receive dividends on future profits is off the table. This issue seems to tie everyone's hands and sound the death knell for the coop.

The novelist case was meant to show an extreme non-coop situation. I don't see any compelling reason for writers of books to join coops, since the writing of the book is the only hard part these days (and countless ways to self-publish exist).

[max_hoffmann]

I recommend reading more about existing cooperatives. They offer way better packages to their employees than manager-owned companies. This can also include life insurances, health insurances, child care etc. And since everyone working and owning a company, where the profits might come in at a later stage, you can be sure, that these people working towards that goal, will make sure that they have the security they require. Why wouldn’t they? It’s their job and their company. They have everything required to set up the necessary legal work.

The case with the novelist is also easy to answer. Publishers do more than just printing books. They also do marketing, host events, send authors to interviews etc. All of that work becomes smaller if you share it with others. Plus being new to the industry, you can get the help from experienced writers. Cooperating with other people has loads of advantages. I could go on for hours. Also nobody is forced to join cooperatives. Every novelist can decide to remain a freelancer. It’s basically a cooperative with a single worker. A lot of cooperatives are founded by groups of freelancers by the way, because already having a business mindset, having experienced the freedom of owning your own business and wanting to stay in control when collaborating with others, makes cooperatives the obvious choice.

You are always more free, have more options and are treated better when you own the result of your work.