Any company that receives government subsidies or is bailed out because it’s too big too fail or whatever the reason should be mandated to become a worker coop
An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.
Any company that receives government subsidies or is bailed out because it’s too big too fail or whatever the reason should be mandated to become a worker coop
The founders can hold more or all non-voting preferred stock in the worker coop to represent their larger stake and investment. They can also use a separate corporation, which only the founders own, with no employees to hold their capital and then lease it the worker coop
It would definitely be easier in an economy where this was the only way of doing things.
I am not a lawyer.
Based on the underlying economic theory and ethical arguments for worker coops/employee-owned companies, what you could do in such a situation is make a separate legal entity for the worker coop, and then lease the assets of the current legal entity to the worker coop. You and your partner maintain exclusive ownership of the original legal entity
There are anti-capitalist liberals though
@politicalmemes