Forwarded from Pantopia Reading Nook 📰🚩
"Many of the most promising ideas in circulation now proceed from a simple principle: Our economy will continue to fail the American people until they are given more control over it.
Some of the proposals that should be given consideration concern the reallocation of power at the firm level: that is to say, “reshaping company ownership so that it is democratic, inclusive, and purposeful by design,” as the policy analyst Peter Gowan wrote last year. In an interview this week, Gowan told me, “We should be encouraging the development of a lot of alternative economic models. And we should be encouraging people and workers on the ground to think about how the private ownership of capital is negatively impacting their lives.”"
"In a widely overlooked campaign proposal last year, Senator Bernie Sanders, inspired by another recent Labour proposal, took the concept of the employee stock fund to the next level: the Democratic Employee Ownership Fund. “Under this plan,” the campaign wrote, “corporations with at least $100 million in annual revenue, corporations with at least $100 million in balance sheet total, and all publicly traded companies will be required to provide at least 2 percent of stock to their workers every year until the company is at least 20 percent owned by employees.”"
"This isn’t a new idea. In Italy, for instance, a body of legislation called the Marcora Framework offers workers financial support for turning shuttering businesses into worker cooperatives. According to the European Research Institute on Cooperative and Social Enterprises, the framework facilitated at least 257 worker buyouts between 1979 and 2014 and saved at least 9,500 jobs. It also found that even distressed businesses that wound up closing eventually survived for over a decade, on average, after their worker takeovers. In 2018, the platform of the U.K.’s Labour Party included an even bolder idea—granting workers the right to a first chance to buy their companies not only when they’re at risk of dissolving but whenever they’re put up for sale."
https://newrepublic.com/article/160528/workplace-democracy-pandemic-economic-crisis
Some of the proposals that should be given consideration concern the reallocation of power at the firm level: that is to say, “reshaping company ownership so that it is democratic, inclusive, and purposeful by design,” as the policy analyst Peter Gowan wrote last year. In an interview this week, Gowan told me, “We should be encouraging the development of a lot of alternative economic models. And we should be encouraging people and workers on the ground to think about how the private ownership of capital is negatively impacting their lives.”"
"In a widely overlooked campaign proposal last year, Senator Bernie Sanders, inspired by another recent Labour proposal, took the concept of the employee stock fund to the next level: the Democratic Employee Ownership Fund. “Under this plan,” the campaign wrote, “corporations with at least $100 million in annual revenue, corporations with at least $100 million in balance sheet total, and all publicly traded companies will be required to provide at least 2 percent of stock to their workers every year until the company is at least 20 percent owned by employees.”"
"This isn’t a new idea. In Italy, for instance, a body of legislation called the Marcora Framework offers workers financial support for turning shuttering businesses into worker cooperatives. According to the European Research Institute on Cooperative and Social Enterprises, the framework facilitated at least 257 worker buyouts between 1979 and 2014 and saved at least 9,500 jobs. It also found that even distressed businesses that wound up closing eventually survived for over a decade, on average, after their worker takeovers. In 2018, the platform of the U.K.’s Labour Party included an even bolder idea—granting workers the right to a first chance to buy their companies not only when they’re at risk of dissolving but whenever they’re put up for sale."
https://newrepublic.com/article/160528/workplace-democracy-pandemic-economic-crisis
The New Republic
The Case for Giving Workers Ownership Rights
Workplace democracy would have lessened the damage from this year’s economic crisis—and could buffer the next one.
Forwarded from /r/latestagecapitalism
More than just a meme, what a real man of the people looks like
https://redd.it/l3zl7i
@r_latestagecapitalism
https://redd.it/l3zl7i
@r_latestagecapitalism
Forwarded from Strike Force
Damn, I didn't know that this this is what they had in mind when they said the Trump legal team is living in a fantasy.
Forwarded from Seditionist Distribution
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[Tacoma, USA]
Police ploughing through a crowd and right over one unlucky protester.
Police ploughing through a crowd and right over one unlucky protester.
Recovered
Alright, here it is! @proudboysusa @ProudBoysUncensored https://news.1rj.ru/str/ProudBoysUncensored2 @PatriotFrontUpdates @Zoomer_Waffen https://news.1rj.ru/str/stormypatriotjoe21 https://news.1rj.ru/str/StormIsUponUsQ https://news.1rj.ru/str/JoeMFans @Qtah_17 @MidnightRiderChannel https://news.1rj.ru/str/Re5iGam…
Congrats fellas, a few of these have been removed since this was posted!
Forwarded from Syndiegram (Kozy Raccoon)
Jacobinmag
Socialist Lee Carter Wants to Be Virginia’s Next Governor
Lee Carter is a member of Virginia’s House of Delegates, a former Marine Corps member and electrician, and a socialist. In an interview with Jacobin, he discusses his legislative history pushing for expanded health care and worker rights, the threat of far…
I'm already volunteering for him! If you're based in Virginia, go check out his campaign!