If you have every company owned by its employees, it can cause big problems for society. There are many arguments to make, such as how investment and hiring would decrease but an interesting one is that it prevents people from de risking their savings.
Normally, if your company goes under your savings which are invested in a wide range of companies will be fjne. But since we cant invest in other companies your savings are the ownership of your company. When when it goes under your life is ruined enron style.
Its fine to do this if you want, but if this compnay in the article goes under, those people will have lost millions. And dont force me to be an owner, I really dont want to be one and resent people who want to force me to own part of the company I work for.
Your savings don't need to be tied to the stock market, it's actually not the case for most people outside of the US afaik. Your retirement pension even more so. How we choose to redistribute the extra wealth generated by others is mostly political.
Isn't the case for most people outside the US government funded pensions essentially just "the Stock Market but with extra steps"? If the market crashes pensioners are going to have a bad time.
It's apparently called "pay as you go" in the english jargon. Here we call it "répartition" in opposition to "capitalisation" [0]: active workforce directly pays for the inactive population, in exchange for a future right to a pension. Which is roughly what you do with capital-based pensions, but with less variability.
Normally, if your company goes under your savings which are invested in a wide range of companies will be fjne. But since we cant invest in other companies your savings are the ownership of your company. When when it goes under your life is ruined enron style.
Its fine to do this if you want, but if this compnay in the article goes under, those people will have lost millions. And dont force me to be an owner, I really dont want to be one and resent people who want to force me to own part of the company I work for.