October 12 — Building Workplace Democracy: Chris Mackin
Noon,
Harvard Law School, WCC 1010, 1585 Massachusetts Avenue, Cambridge
Chris Mackin's talk will focus around a new legislative proposal to create a new form of federal loan insurance, like Federal Home Loan Insurance, to be used by workers to buy the businesses they work in, through employee stock ownership plans or ESOPs. When done well, ESOPs can be used to create democratically governed workplaces with employees controlling the profits. This bill has potential to completely redefine American society, just as the FHA did after the Great Depression—except this redefinition would be centered around democratic worker ownership of businesses. Chris Mackin has been at the forefront of worker owned companies for around 30 years, and runs a firm focused on just that, called Ownership Associates.
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