F
Fr_of_Jazz
Guest
Pope John Paul II while a vigorous defender of private property, private ownership of the means of production, a regulated free market, the centrality of individual initiative in economic policy, and equally vigorous in rejecting collectivism nonetheless does explore “the socialization, in suitable conditions, of certain means of production” in Laborem Exercens (14).
I would propose that employee-owned businesses in America meet this goal.
Through a family member I am very familiar with one in particular. It produces custom metallurgical products. After 5 yrs he is fully into the company via private stock; and empoyment includes profit sharing, tuition reimbursement, comprehensive health and dental benefits, life insurance and short-term disability. They work very hard; there are policies (re discipline, drugs, etc.) which they all agree upon to ensure success, and which no union would tolerate. Hiring is based on merit and qualifications. They have more business than they know what to do with. They’re lean, mean, profitable, competitive, produce quality products, and continue to grow. The employees are doing very, very well.
What do you think?
I would propose that employee-owned businesses in America meet this goal.
Through a family member I am very familiar with one in particular. It produces custom metallurgical products. After 5 yrs he is fully into the company via private stock; and empoyment includes profit sharing, tuition reimbursement, comprehensive health and dental benefits, life insurance and short-term disability. They work very hard; there are policies (re discipline, drugs, etc.) which they all agree upon to ensure success, and which no union would tolerate. Hiring is based on merit and qualifications. They have more business than they know what to do with. They’re lean, mean, profitable, competitive, produce quality products, and continue to grow. The employees are doing very, very well.
What do you think?