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Worker Capitalists? Profit-Sharing, Capital-Sharing and Juridical Forms of Socialism

Author

Listed:
  • Harvie Ramsay
  • Nigel Haworth

    (University of Strathclyde)

Abstract

Ideas of economic democracy within the confines of capitalism have gained wide currency in recent years. This paper compares initiatives from employers on the profit-sharing front and on capital-sharing from labour movements. It examines the theoretical and empirical case for seeing such initiatives as having the potential to transform the worker's position into one of less or zero-exploitation by sharing in the distribution of surplus value. It is concluded that such claims to this effect are non-starters for profit-sharing and misconceived for capital-sharing. The latter view is sustained by a critique of the conceptions of capitalism and of prefigurative socialism embedded in the models of capital-sharing.

Suggested Citation

  • Harvie Ramsay & Nigel Haworth, 1984. "Worker Capitalists? Profit-Sharing, Capital-Sharing and Juridical Forms of Socialism," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 5(3), pages 295-324, August.
    • Handle: RePEc:sae:ecoind:v:5:y:1984:i:3:p:295-324
    DOI: 10.1177/0143831X8453002
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    References listed on IDEAS

    as
    1. Erik Asard, 1980. "Employee Participation in Sweden 1971-1979: The Issue of Economic Democracy," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 1(3), pages 371-393, August.
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    Cited by:

    1. Warner, Neil, 2025. "What is it actually about?' Asymmetric mobilisation and the defeat of wage-earner fund policies in Sweden," LSE Research Online Documents on Economics 127873, London School of Economics and Political Science, LSE Library.

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