AUDIO ARTICLE || If you want a "Worker-Owned" business, you're free to start one
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Show Notes
If you want a "Worker-Owned" business, you're free to start one
There are no laws stating that a group of workers cannot group together and form a cooperative business. Why aren't these popping up everywhere? Because it's a bad idea.
Sanders and Warren have both introduced plans to turn over ownership of America's largest corporations to the workers. Sanders' plan would require all public companies to offer 20% ownership of their company to their workers. In addition to the issuance of new stock, the workers would also have "Right of first refusal" if the company wants to offer itself up for sale. Who will finance the purchase of the company if the workers don't have the capital to purchase the company? The government, of course.
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