A new Socialism. Here's what Bernie's revolution could bring to your workplace.

[Gregorian]

Instead of top down, such as government control, there would be a new approach. What is happening in the Labour party, with respect to the worker/employee arrangement, is that when a company is to be sold, or floated on the stock exchange, workers will get the first option to purchase the company. A first option. And the government is going to finance them to do it. It cannot be bought by another company, or made into a joint stock company that rich can buy. A transformation from a top down capitalist economic system to one of worker cooperatives would be a new way of operating.

Now you are on the board of directors, along with everyone in that company. You no longer work 8 hours per day, having to ask for permission for this or for that. Now you have a voice, and control over your employment. You own and operate the business. Everyone is a democratic participant. Work is no longer about just money, but a part of your life.

It's a short segment starting at 1:20:35

?t=4833

[liberal N proud]

1. So what would the incentive be to start a buiness?

[NowSam]

2. To build something useful?

To create. To add value to society. it ain't all about the dollars.

[liberal N proud]

4. Not if it is going to be taken away by the employees.

[NowSam]

6. Taken away?

Hey, we...We...built that. Sharing is caring unless you don't life being 1 nation indivisible.

[Gregorian]

3. He mentions that if an entrepreneur starts a company and then wants to sell it,

the first option goes to the workers. So if they fail to purchase, then one can surmise that the company is then available for other buyers. No doubt there are lots of details that have, or will be, worked out.

It's important because there's a big distinction between the old Socialism (top down), and the new Socialism (democratic).

[Ron Green]

5. Every entrepreneur has his or her own reasons.

As a business owner for over 10 years, I struggled with ways to structure my operation so it would build directorship among the workers. I didn't know enough at the time about how to do it.

The idea's time has certainly come, though.

[Cheese Sandwich]

7. Very interesting!

Good find and thanks for posting

[JaneyVee]

8. LOL. It doesnt get much more "top down" than govt control...

Which is what Bernie is advocating for.

[canoeist52]

9. But whe you consider that the government is us, it does become bottom-up control.

[Ron Green]

10. Here's a thought: If workers in a self-directed enterprise decide to pay themselves

less than the minimum wage, will that make Republicans happy?

[canoeist52]

11. # 1 rule of Republicans os that Republicans can never be happy.

And have no wish to allow happiness in others as well.

Conservative Republicans, that is, not all are cranky old.....