Greater community control over local economies can help to stave off the predators that—as we learned during the 2008 crisis—start to circle the most marginalized populations when disaster strikes. Co-ownership can also encourage neighbors to start buying at local businesses again, even when it might be easier to stay home and order from Amazon.
Enabling employees to co-own their workplaces could have similar effects—inviting workers into a full partnership in the challenges and sacrifices that the current moment may require. Studies suggest that transitioning to full or partial employee ownership improves workers’ productivity and resilience.
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