Worker cooperatives prove the important but limited point that while capitalists need workers, workers don’t need capitalists. Most ‘employee-owned’ companies in the US and UK are mainly owned by the highest levels of management with some more buy-in for middle management. It’s typically done with some kind of vesting scheme that keeps junior employees on the hook for years.
These firms still exist firmly within a capitalist context and require workers to become their own exploiters.
Worker cooperatives prove the important but limited point that while capitalists need workers, workers don’t need capitalists. Most ‘employee-owned’ companies in the US and UK are mainly owned by the highest levels of management with some more buy-in for middle management. It’s typically done with some kind of vesting scheme that keeps junior employees on the hook for years.
These firms still exist firmly within a capitalist context and require workers to become their own exploiters.