Bernie Wants Power in Workers’ Hands
Bernie Sanders's new plan isn't just about making workers "stakeholders" in corporations: it's about making them owners.

McDonalds workers and their supporters protest outside of a company-owned restaurant on April 3, 2018 in Chicago, Illinois. Scott Olson / Getty Images
The Washington Post’s Jeff Stein revealed yesterday that Bernie Sanders is working on a proposal that would require companies to issue shares to dividend-paying worker funds:
Sanders said his campaign is working on a plan to require large businesses to regularly contribute a portion of their stocks to a fund controlled by employees, which would pay out a regular dividend to the workers. Some models of this fund increase employees’ ownership stake in the company, making the workers a powerful voting shareholder. The idea is in its formative stages and a spokesman did not share further details.
The precise details of Sanders’s plan are not yet known, but it is nonetheless encouraging to see that the Senator is planning to run on funds socialism, the most promising reformist path for socializing broad swaths of capital.