I mostly agree with this. I would say a lot of what is wrong with America is that corporation laws allow this kind of thing. There are other ways. Nobody thinks Germany is an economic backwater and they require, I believe in large companies, for employees to have a role in the management of the company [1]. There are also co-ops like the Mondragon Coop in Spain[2]. Some states have co-op laws but are mostly used by farmers and a few other niche things.
Interesting, most professional firms must be managed by their professionals, so law firms are partially "worker owned" too.
But I think the German model is probably the best. Equity interests and employee interests can both be short-term, but usually the best way to balance them is with long-term thinking.
I'm not sure that would save the world, but I think it would improve the lives of working people.
Interesting, most professional firms must be managed by their professionals, so law firms are partially "worker owned" too.
But I think the German model is probably the best. Equity interests and employee interests can both be short-term, but usually the best way to balance them is with long-term thinking.
I'm not sure that would save the world, but I think it would improve the lives of working people.
[1] https://en.wikipedia.org/wiki/Codetermination_in_Germany [2] https://en.wikipedia.org/wiki/Mondragon_Corporation