Posted on 06/18/2019 10:22:37 AM PDT by Twotone
What Vox calls Bernie Sanders’s “most socialist idea yet” may instead prove his most capitalist idea.
The presidential candidate unveiled a plan to encourage companies to grant employees a stake in the business. Whether this idea comes to fruition as a plan that forces or facilitates employee ownership tells us whether we can call it Sanders’s most socialist, or most capitalist, idea yet.
(Excerpt) Read more at spectator.org ...
The only Good idea from bernie woudl be for him to decide to withdraw from politics altogether
A lot of small businesses in the Bay Area (Ca.) do this already. Bakeries, Grocers, Auto Shops, Green-Deal type ventures and other. Many just in Berkeley.
That is a capitalistic idea. Companies frequently give people stocks as part of the compensation, so they have a stake in the success of the business.
> The presidential candidate unveiled a plan to encourage companies to grant employees a stake in the business. <
Great idea. Now, Bernie owns three houses. Bernie should give a partial ownership of those houses to all the folks who work there (plumbers, maids, etc).
Doing so would certainly motivate those folks to work harder, and do a better job.
Onward the Revolution!
What is new about ownership in your employers company? If the co is traded publicly it’s called a stock purchase plan and usually is offered as part of a 401k plan with the co. subsidizing the cost.
If it is a privately held company the owner would have to be nuts to assign ownership of any part of his co to what could and certainly would turn out to be a bunch of lunatics looking for trouble if he looks sideways at them.
I do agree with Sanders that it’s not right that only a very few financial institutions control the economics. They need to be broken up as he says and allowed to compete.
You’re right. If Bernie wants to put forth a few capitalist ideas to make him look less nutty that’s fine with me. He’s still nuts, but maybe other ‘progressives’ will pick up on the good idea.
If and when the Dems get control of Congress + POTUS corporations WILL be mandated to put Joe Sixpack Workers on the board. Just as is done in Germany.
Worker owned/partly owned co-ops can work very well, to a point.
If the business is highly unionized, big trouble.
If the business has a lot of close competition, big trouble.
If the business is in an expanding or changing market, big trouble.
Conflict and product evolution are not good places for management-by-committee.
Exactly. Bernie is against corporate socialism. I’ll agree. I’d like the average middle class person to be able to invest and have some control.
How many of Bernie’s employees own a part of his multiple houses?
That’s what the stock market is for.
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