[gwys]

There actually was this kind of system in Sweden in the 80s. Of course it was very unpopular with the right and was abolished as soon as they got into power. Since then, like in most of the western world, the productivity gains has to a large extent favored owners rather than employees.

http://en.wikipedia.org/wiki/Employee_funds

[jsprogrammer]

It's interesting that the link describes the critics argument as increasing the power of labo[u]r over the company. Why is it a bad thing for the people who are actually doing the work of the company to have control over the company? Why should labo[u]r be controlled by a third party force (neither labor nor the customers).

[gwys]

People tend to say it's about control, but companies give up control all the time. I think it's mostly because they don't have to. I'm not sure how good a plan it is, but I do think it was visionary. I think the Nordic countries a losing much of their raison d'être by not taking care of their middle/working class.