Worker participation
Sir, — The interest taken by the Employers’ Federation in the progress of schemes for worker participation is commendable. However, their rejection of the idea of government intervention is short-sighted. When banks lend to a company to help it to buy new plant and machinery the eff o r t of most of the employees of the company helps to pay off the loan. But when the loan has been repaid, the machinery, under the obsolete and suicidal conventions of our society, belongs solely to the proprietors or stockholders. This accumulates ownership and wealth in a few hands and paves the way for the political takeover and destruction by socialists of the otherwise excellent private enterprise system. Only government action and reforms of the right sort can correct the results of past injustice and give us a private enterprise system where ownership of the means of production is more widely and fairly distributed. — Yours, etc., MARK D. SADLER. April 19, 1979.
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Press, 23 April 1979, Page 16
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162Worker participation Press, 23 April 1979, Page 16
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