Thursday, August 31, 2017

The Employee-Owned Story

For a long while in the US....there have been Antifa-student-activists who've commented about the great socialism factor in Europe....particularly in Germany.  What's hyped up is that German companies are mostly employee-operated...no CEO or management folks ordering the workers around.

So, I pulled out the DAX listing....the top thirty companies listed in Germany.  How many are employee-operated/owned?  None.

So, I pulled out the MDAX listing....the next fifty German companies listed after the DAX listing.  How many are employee-operated/owned?  None.

So pulled out the SDAX listing....the third tier of German companies (fifty total).  How many are employee-operated/owned?  None.

I do agree....you can find a number of small operations...mostly family-run or very small commercial operations....that could be considered employee-operated/owned.  Wineries, cafes, and pubs probably make up the bulk of these.

But if you went looking for any success story that would make the US Antifa-socialist student happy....well, there just isn't a creature of that type existing.

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