- Capitalism and Alternatives -

Worker Capitalism is a oxymoron

Posted by: Stoller on November 22, 1999 at 15:14:43:

In Reply to: The Rise of Worker Capitalism posted by David on November 22, 1999 at 10:32:27:

: McSpotlight: David, I don't mean to sound rude, but quoting the Cato Institute as your sole source isn't really going to persuade many of the opposition here; the Cato Institute has something of a reputation...

: Fact: 'Today, 76 million Americans, members of 43 percent households, own stock or stock mutual funds...' (The Rise of Worker Capitalism Cato Policy analysis, p. 1, Executive summary.)

No thanks, David, I'll stick with Business Week and the New York Times for statistics...

: Fact: 'The 1996 Retirement Confidence Survey, conducted by EBRI, Mathew Greenwald and Associates, and the Council of American Savings Education Council, found that "61 percent of workers reported their employer offered a retirement saving plan. . . '(Ibid. p. 6)

Speaking of retirement, did you know that ONLY 25% of the American people will even be able to retire AT ALL? (Forbes, 16 June 1997, p. 159.)

Follow Ups:

The Debating Room Post a Followup