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Exploring Employee Ownership Dynamics and Private Equity Impact
The chapter analyzes the complexities of employee ownership in companies, contrasting it with ESOPs and addressing criticisms, tax codes, wealth distribution, and the motives behind promoting alternative ownership models. It delves into the significance of employee ownership in creating a more democratic economy and criticizes private equity firms like KKR for harmful practices. The discussion also reflects on the bankruptcy of retail companies and advocates for a shift towards worker-owned firms for systemic change.