If socialism is worker ownership, socialism offers positive outcomes. Research tells us that worker-owned businesses are more productive and resilient. Worker-owners have been found to have higher savings and enjoy greater job stability. It has the potential to reverse wealth inequality.
If the research is accurate, then why are there not more successful worker owned businesses? Are they counting sole proprietorship as "worker owned businesses"? If so, the claim becomes a little easier to believe.
You can investigate those structural questions and find out. As for why not more of them, legal changes need to made. The USA has a lot of ugly history around organized labor, the rich using all kinds of dirty tricks to defeat unionization. Worker-owned businesses are like a union on steroids
and in case it's not clear.. unions have a bad reputation with a lot of people.. It's not the union structure or the idea that's the problem with many real world unions ( thinking Teamsters mostly ) It's the same old stupid people tricks. Corruption is *everywhere* Even in the Fortune 500.
Sole proprietorships are not considered worker-owned and would not be included in this kind of research. The employee ownership trust, employee stock ownership plan, and worker co-op are the three main broad-based worker ownership models. There are existing barriers that affect creation rates. In
the United States, laws for worker ownership can vary widely by state and while there is a federal legal framework for ESOPs, there isn't for worker co-ops or trusts. ESOPs may be expensive to implement, especially for smaller businesses (which are the majority).
thanks for providing detail. I'm a big fan of worker ownership.. Of course, anytime people are involved, problems arise, but hey.. can't make an omelet.. all that.
Indeed. Communistic socialism used "worker" to describe an entire class.. and obviously the communist government controlled things ( not democratic in any sense. ) Democratic capitalistic worker ownership is different. www.esopassociation.org/blogs/employ...