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Firm Foundations for Democracy? Worker Ownership and Control in Advanced Capitalism

In: Sharing in the Company

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  • Sanjay Pinto

Abstract

This chapter maps existing patterns of broad-based worker ownership and control in contemporary advanced capitalism and considers future possibilities for expanding democracy within firms. Section one discusses worker ownership and control arrangements in relation to different theories of the firm and shows how these arrangements map onto different national systems. Section two compares Germany, which is characterized by worker control without ownership, and the United States, which is marked by worker ownership without control. Section three explores three pathways through which broad-based worker ownership and control might be deepened and more strongly coupled in the future.

Suggested Citation

  • Sanjay Pinto, 2017. "Firm Foundations for Democracy? Worker Ownership and Control in Advanced Capitalism," Advances in the Economic Analysis of Participatory & Labor-Managed Firms, in: Sharing in the Company, volume 17, pages 125-155, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aeapzz:s0885-33392016000017008
    DOI: 10.1108/S0885-33392016000017008
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    More about this item

    Keywords

    Democracy; capitalism; employee ownership; unions; cooperatives; J51; J54; J83; M12; P13; P16;
    All these keywords.

    JEL classification:

    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • J83 - Labor and Demographic Economics - - Labor Standards - - - Workers' Rights
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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