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Wanted: More Worker-Owners

http://economix.blogs.nytimes.com/2014/01/13/wanted-more-worker-owners/?_r=0

George Washington liked the basic idea, as did Thomas Jefferson. We should build on our rich national tradition of support for widespread asset ownership. Joseph Blasi, Richard Freeman and Douglas Kruse develop this proposition in a new book, “The Citizen’s Share,” which lends historical perspective to their empirical research on shared capitalism.

When the cod-fishing industry was faltering after the Revolutionary War, public subsidies, conditional on sharing the benefits with the men actually manning the nets and lines, were provided. The 19th-century Homestead Act offered essentially free land to those willing to stake a claim and invest their labor in it...