General Discussion
In reply to the discussion: The weakening of Unions has fucked with the Democratic Party and its historic support [View all]alc
(1,151 posts)Unions (existing or new) should start being the business owners. Wealthy people who claim to be "big union supporters" could give multi-million dollar low/no interest 10-year loans and get together with unions and have a billion dollar fund. Split it into 3 parts (or 2 or more)
1) start buying franchises - all profits are split between workers and the fund
2) start buying companies. instead of letting rich guys buy failing companies and sell off parts, rebuild them. Also buy non-failing companies that are in a good position to be bought - the way many wealthy people get more wealthy. Split profits between workers and the fund.
3) create a venture capital group - the founders will get a big payout if their idea succeeds. after that profit is split between workers and the fund. There won't be an IPO - the fund pays the founders (one time or yearly %) then keeps profits. Provide all of the expertise, contacts and other assistance that other VC funds have.
4*) have a business support group - lobbyists, lawyers, management/marketing/franchise/... experts.
The fund will eventually have companies/workers covering a large number of industries/trades. And be large enough to buy GM (or another car company) the next time it fails.
It's not a quick fix. But it can be done within the current system and there don't appear to be any quick fixes by creating new laws within the system. Most huge companies didn't become huge overnight. The founder started with one store/restaurant/factory and built it over decades. And they did it with far less starter money than is available to unions & union supporters.