The David McWilliams Podcast The Economics of Employee Ownership
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Apr 6, 2025 Alan Coleman, CEO of Wolfgang Digital and a pioneer in employee ownership, shares insights on a radical approach to capitalism. He explores how Employee Ownership Trusts empower workers, enhancing engagement and productivity. The discussion links historical corporate practices to contemporary challenges, advocating for a more democratic business model. Coleman highlights the benefits of profit-sharing and fostering an entrepreneurial mindset within organizations, presenting a hopeful vision for the future of work and ownership.
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Employee Ownership Trusts
- Employee Ownership Trusts (EOTs) offer a new model for businesses.
- Workers share ownership, promoting innovation and productivity.
St. Paul's Cathedral Parable
- The parable of St. Paul's Cathedral illustrates different mindsets.
- One bricklayer focuses on pay, while the other sees a bigger purpose.
EOT Productivity
- A UK study shows employee-owned businesses are 8%-12% more productive.
- Over time, this results in significantly higher productivity.
