ABBA would not take a chance on Bernie Sanders’ plan for workers to become shareholders
, a contender for the Democratic presidential nomination, will face plenty of opposition to his latest plan to force companies to hand over shares to workers. But at least he will not have to compete with. When the Swedish Social Democrats proposed the same idea in 1982, the pop group behind “The Winner Takes It All” and “Money, Money, Money” helped lead opposition to the proposal, producing pamphlets and even hosting an open air gig to protest. In the end,saw off the socialist menace.
Also involved in blowing the dust off the idea have been Democracy Collaborative, a think-tank which has lobbied heavily for the proposal on both sides of the Atlantic. One of their main backers is the NoVo Foundation, a fund set up by Peter and Jennifer Buffett, with the cash fronted by Peter’s dad, Warren. A new model of business ownership is being developed with cash left over from the old one.
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