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Depending on the size, the city/state could purchase the company and loan it to the employees. If the the loan gets paid off, boom... co-op equally owned by th
by tacocataco 3y ago
Depending on the size, the city/state could purchase the company and loan it to the employees.
If the the loan gets paid off, boom... co-op equally owned by the workers.
- lotsofpulp 3y agoSounds like the perfect recipe for corruption.
- WJW 3y agoAnd if the loan doesn't get paid off? That city/state is now in a huge hole, having spent money that could've been used to build schools and maintain roads on buying companies off their retiring owners. In any case I don't see why you would need the detour via local government? A bank could lend the money to the group of employees just fine.