• It's both equity and control, so it's fairly easy to see how that's a potential risk.

    Some risks are worth taking, of course, but this one might have to be implemented alongside capital controls to stop businesses re-headquartering somewhere that they don't have to run it.

  • Employee share ownership I think is very good. It is way more direct in addressing the problem of distribution of wealth of 'business' and reduces the amount of capital that can avoid taxation.

    Employee control is good. In the same way Toyota delegated problem solving to the floor, re-investment vs distribution decisions can be made more sensibly rather than the operation of maximising shareholder returns on 1y horizons.

    'Business' should be about more than maximal returns for shareholders. Given its expectation for govt support, policy making and its direct and disproportionate impact on society, why should it not have a commitment to more than an elite who control capital?

    Perhaps gov't can operate policies to encourage employee ownership in targeted sectors as one part of trying to build a 'mittelstand' type framework and economic rebalancing to regenerate secondary activity in the UK

About

Avatar for Dammit @Dammit started