Varieties of Employee Ownership: Some Unintended Consequences of Corporate Law and Labor Law
نویسنده
چکیده
Employee ownership has ideological cachet in all advanced industrialized democracies. For many observers, the principle of selfgovernance underlying political democracy extends to the economic sphere. All institutions essential to the basic structure of society must be consistent with the norms of moral equality and autonomy. Since corporations allocate income in a market society, and thereby distribute the resources by which individuals pursue their various notions of the good life, corporate structures are a part of the basic structure of society.' Accordingly, corporate decision-making and its resulting income allocations should be governed by the same fundamental principles of moral equality and autonomy that are the object of consensus in the political sphere.2
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