Abstract

This essay challenges the belief in the superiority of capitalism as practiced today, and outlines an alternative economic system aimed at avoiding current capitalism’s main weaknesses. This alternative, built around employee ownership, is designed to result, over time, in a more equal distribution of income and wealth, while surpassing current capitalism’s main strength, its extraordinary economic productivity. It is an economic system that spreads economically beneficial incentives around more widely than today, and helps equalize opportunities. At its core is a buy-in and payoff scheme that avoids what are often said to be the major problems with employee ownership