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<blockquote data-quote="rickyb" data-source="post: 3725421" data-attributes="member: 56035">UK heading in a socialist direction as Labour Party proposes employee ownership and decision making instead of capitalism.He cites <a href="https://www.theguardian.com/uk-news/2018/sep/05/thinktank-calls-for-major-overhaul-of-britains-economy" target="_blank">a report by the Institute for Public Policy Research</a>, published last week, that floated ideas for giving millions of people “a greater stake and voice in their workplaces”, boosting productivity, morale and incentives. The IPPR said “the aim would be to give more people a share of capital and to spread economic power and control in the economy by expanding the decision rights of employees in the management of companies”.Among the models being examined are ones under which firms would have to put a percentage of profits into an employee fund that would build up over time, giving the workforce, through its rising share ownership, an increasing say in key decisions on how the companies were run and managed. While workers would not be able to cash in shares, they could be offered dividends from the fund to boost their pay.<a href="https://www.theguardian.com/politics/2018/sep/08/john-mcdonnell-labour-proposal-workers-ownership-funds" target="_blank">McDonnell: Labour will give power to workers through ‘ownership funds’</a></blockquote>

[QUOTE="rickyb, post: 3725421, member: 56035"] UK heading in a socialist direction as Labour Party proposes employee ownership and decision making instead of capitalism. He cites [URL='https://www.theguardian.com/uk-news/2018/sep/05/thinktank-calls-for-major-overhaul-of-britains-economy']a report by the Institute for Public Policy Research[/URL], published last week, that floated ideas for giving millions of people “a greater stake and voice in their workplaces”, boosting productivity, morale and incentives. The IPPR said “the aim would be to give more people a share of capital and to [B]spread economic power and control in the economy by expanding the decision rights of employees in the management of companies”.[/B] Among the models being examined are ones under which firms would have to put a percentage of profits into an employee fund that would build up over time, giving the workforce, through its rising share ownership, [B] an increasing say in key decisions on how the companies were run and managed. [/B]While workers would not be able to cash in shares, they could be offered dividends from the fund to boost their pay. [URL="https://www.theguardian.com/politics/2018/sep/08/john-mcdonnell-labour-proposal-workers-ownership-funds"]McDonnell: Labour will give power to workers through ‘ownership funds’[/URL] [/QUOTE]

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