Every company should be owned by its employees

Re:Every company should be owned by its employees by yieldcrv on Thursday July 25, 2024 @04:04AM (#41066051)

There are additional options

Co-determination was born as a compromise in Germany (between the capitalist occupiers and the communist occupiers trying to find common ground for decades) that has done well, essentially its that the Employee Union has at least one board seat, by law

employee representation on the board in combination with US stock ownership concepts would be very novel and very attractive

I think both classes of stakeholders typically have some common ground and can find a way to make austerity and growth measures economically practical with more sustainment of employee consideration

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Re:Every company should be owned by its employees by dash2 on Thursday July 25, 2024 @04:34AM (#41066267)

It's possible. But note that Germany has struggled to move out of declining sectors (petrol cars) and into new ones (tech) - which fits what I said about worker control making creative destruction hard. Its economic performance has been dramatically bad recently.

Equally, I wouldn't want to judge Rhineland capitalism on a few bad years, or claim that the US "open the casino" approach dominates it on every dimension.

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Re:Every company should be owned by its employees by yunohn on Thursday July 25, 2024 @05:03AM (#41066451)

The whole world still relies on and builds petrol cars. EVs are still a small portion of the global market.

I think it’s quite disingenuous to blame Germany’s slow moving industry sector on “worker’s control”.

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