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587. Should Companies Be Owned by Their Workers?

Freakonomics Radio

NOTE

Exploring the Impact of Private Equity and the Push for Worker Ownership

The speaker reflects on the bankruptcy of various retail companies and discusses the impact of private equity on businesses. They highlight the importance of employee stock ownership plans (ESOPs) and advocate for more ESOPs in companies. The speaker contemplates the idea of making the ownership movement their core cause and emphasizes the need for systemic change within the current business model. They suggest that firms like KKR could exit investments to ESOPs and develop funds to invest in ESOPs to promote worker-owned firms with real worker voice and stability.

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