How to Convert a Public Corporation into a Worker Democracy

A subtle way of saying MAKE THE STOCK MARKET IRRELEVANT.

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SEC corporate filings:

AMAZON
TESLA
META
BLACKROCK
VANGUARD

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You may also remember the Swedish REHN-MEIDNER Wage Earner Fund from the 1970s that required all companies above a certain size to issue new stock shares to workers, eventually making workers majority owners. It went like this:
1.All companies above 50 employees were to issue each year stock amounting to 20% of the year profits
2.This stock and the profits entitled would belong to the local unions as long as they did not surpass 20% of the company stock
3.New stock could not be sold and will be included as an asset of the workers fund
4.The stock dividends will be reinvested in stock of the same company or used for employees training.

The plan did have some success. More about Rehn-Meidner:
Swedish Wage Earner Funds: A Glimpse of Our Future?
Swedish Wage-Earner Funds: An Experiment in Economic Democracy
Revisiting the Meidner Plan
Rehn–Meidner model

Another, somehow related proposal from Matt Bruening, is the Social Wealth Fund:

In my opinion the transition must be made much simpler than the Swedish proposal. Please let me know what you think in the comments.

[asmasiddiqi]

A thoughtful framework. Thank you, Vlad.

[novadust]

If I ever become CEO of a business I feel like this will be useful

[raisage]

I like the jacket! Very sharp, professor!

[copacelu]

I'm surprised unionizing wasn't the first step

[donsolos]

I think profit sharing with the employees would be a far better goal. What you discuss would require the elites to give up their status quo. Which would never happen without force.

[breadthatsred]

I don't agree with your idea, but I like the content quality

[MrNikoback]

Vlad, go to Vietnam. There you'll see a socialist paradise.