Devine, James wrote:
of course not. But he says that the capitalist-as-entrepreneur was being
abolished, being replaced by the capitalist-as- rentier, undermining one
official defense of capital. The huge corporation acts as a miniature
planned economy, too.
Let me remind you of my original
Russel Long got the idea of ESOPs from Louis Kelso, who wrote something
with a title like Capitalist Manfesto. ESOPs were never intended to be
socialist.
As Joel mentioned, they have usually been used to prop up lemons, although
some employers used it for the tax benefits.
--
Michael
