this post was submitted on 25 Jul 2024
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General Discussion
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How does an Employee Stock Ownership Plan work? How do partners/employees make money with it? When you hold stock, don't you need to sell it/liquidate it in order to make money?
And how do you hire somebody? Do you sell your shares to the person at no cost or something?
I'm confused.
There is a city in Spain called Mondrago. I first heard about it years ago.
The way it was brought up to me was that the people there are happy. And we should also be happy. But why are they happier on average then others.
My favorite part too is that this is capitalism. Its not communism. It isn't socialism. You can bring this to the right wing whoevers and argue that this is a better way.
I mean collective employee ownership can’t really be considered capitalism. Who are the capitalists in this economy? Everyone? It works very differently.
Generally most proponents of worker-coops are considered market socialists or anarchists, depending on their attitudes toward the state.
That said it can exist within capitalism, though it’s not clear whether capitalism will allow this ownership structure to expand significantly.
I agree that it is not capitalism as it abolishes the employer-employee contract, but it isn't quite socialism either because it is technically compatible with private property.
In terms of expanding the worker coop sector, I actually have some ideas for getting startup funding for worker coops, and creating economic entities that would buy up capitalist firms and convert them into worker coops
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