Reagan praises Walter Reuther (Project Economic Justice)

[marjacgeorge]

I have been working on implementing ESOPs and evening acting as an ESOP fiduciary. ESOPs are indeed a excellent solution to long term wealth creation for the middle class while assisting the business owners with transition and exit strategy planning.

[utubenotgoodasgvideo]

ESOP is often better than nothing but is also often far from a full worker owned cooperative. Equal partnership or LLC based on parecon principles is more just.

[RonaldeRobinson]

He is just being polite. If Reuther had his way Reagan never would have been President and we would be suffering economic crises two decades earlier.

[justthirdway]

The UAW went downhill after Reuther, who told the Joint Economic Committee, 2/20/67:

"Profit sharing in the form of stock distributions to workers would help to democratize the ownership of Americas vast corporate wealth. [F]rom the standpoint of stabilization policy profit sharing does not increase costs. Since profits are a residual, after all costs have been met, profit sharing [through wider share ownership] cannot be said to have any inflationary impact on costs and prices."

[RonaldeRobinson]

I 'd give more workers a stake in ownership. E.g., I'd give the Post Office to postal employees immediately. But, I am not sure your point is always correct. If capital movement is restricted, which it may be when disbursed, then it might not flow to the best economic opportunities in a timely fashion. That could put pressure on prices or weaken America's competitive position. Again, I doubt that is reason enough not to disburse, at least voluntarily, but let's not over state the benefits.

[louiscaponecchia]

walter reuther was the second coming.