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Socialists like Richard Wolff have been advocating for a similar thing for a while ... Some kind of ESOP continuity plan. Is that a business strategy now? Take
by kristopolous 3y ago
Socialists like Richard Wolff have been advocating for a similar thing for a while ... Some kind of ESOP continuity plan.
Is that a business strategy now? Take some socialist idea and repackage it as a for profit one?
It's probably been a business play for a long time and I just never realized it
- brnaftr361 3y agoI think with proper terms this would be a good launchpad for tested and tried businesses to transition into worker owned cooperatives, which I think would be a noble endeavor. As it's set up currently it reads more or less like a tribute system, which is pretty trashy - it draws a line in the sand where they're effectively minimizing risk to themselves and slowly foisting responsibility onto others in exchange for a quasipermanent deal. I'm curious as to how the "ownership" works, as well, I'm sure there are caveats written in that secure the stake of Teamshares.