A Cross-Atlantic Plan to Break Capital’s Control
Bernie Sanders’s plan for worker-owned funds isn’t just notable because it could lead us toward a democratized, sustainable, socialist economy. It’s also the product of a growing collaboration between the Left in the United States and the United Kingdom.
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Capital has been put on notice.
On both sides of the Atlantic, the Left is no longer content to regulate capitalism. Instead, leaders of socialist movements contending for state power are now seeking to transform the landscape of ownership, redistributing wealth and power in the economy by democratizing company ownership.
Bernie Sanders’s support for worker ownership funds, announced last week, is the latest ambitious commitment to the new politics of democratic ownership. If implemented, this would be a vital institutional turn towards, in Sanders’s words, “an economy where workers feel that they’re not just a cog in the machine — one where they have power over their jobs and can make decisions.”
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