The article summarizes the experience of two decades of experiments with employee stock ownership programs in the United States. The author was an active participant of the movement for ESOPs. In his view, the programs did not fulfil the early hopes. The ESOP companies can be found on the periphery of the US economy, and suffer from capital shortage. (First published in Dollars and Sense, US.)
Category Archives: Periodical
The future of Mitbestimmung in Germany
Mitbestimmung, or co-determination, was a major novelty of workplace democracy in post-war Germany. It used to be criticized for its function in eliminating class struggle and increasing the divisions within the working class. The new critics, however, come from the right, and intend to reform this mechanism for the purposes of neo-liberal streamlining.
ESOP in the US
Workers’ cooperatives
on Ágnes Heller and János Kőbányai: Monkey on the bicycle
Heller Ágnes: Bikikliző majom – Kőbányai János interjúregénye, (Monkey on the bicycle – a life interview by János Kőbányai) Múlt és Jövő, Budapest, 1994