methods to socialism (was Re: taxes)

Doug Henwood dhenwood at panix.com
Sun Apr 15 15:33:19 PDT 2001


Gordon Fitch wrote:


> > > Often, unions could achieve the socialist ideal of worker
>> > ownership and control of the means of production by buying
>> > a controlling interest in the corporations where they work.
>
>Jordan Hayes:
>> What's your take on what has happened over at UAL?
>
>As far as I can understand the situation, the workers there
>do not actually control the business, although they may
>nominally own it.

That's true of most ESOPs - they're mainly tax shelters or efforts to unload turkeys on workers, with little actual control transferred.

Doug



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