Many of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production... This has happened in some companies through ESOPs. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth.
I am fascinated to hear of the impact that ESOPs have had on work-force morale in corporations of all sizes such as Sears Roebuck, Potomac Electric Power, Lowe's Companies and the Dow Chemical Company.
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