PBS – Column: The case for employee-owned companies

From PBS:

Our story on Colorado’s 100 percent worker-owned company New Belgium Brewing has stirred some interest in the concept of employee stock ownership. We didn’t have time, however, to explore a particularly provocative and arguably profound voice on the issue, David Ellerman, based at the University of California, Riverside. Ellerman has for years made an argument as startling as it is hard to refute: “the labor theory of property.” It’s that employees should own the firms they work for because of very simple logic: If they’re responsible for the consequences of their actions while on the job — committing a crime, say — how can it be that they’re not responsible for the positive things they do, such as making money?

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