Socialism in the U.S.?: „Some illuminating Reactions to Elizabeth Warren’s Worker Rights Plan“ – how commentars on the right view #codetermination

„It’s socialism! It’s the death of the economy! It’s… a plan to give employees a few seats on corporate boards.“

With these words Nathan J. Robinson summarizes the comments on the right regarding Elizabeth Warren’s bill (https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations) requiring corporations to provide their employees 40% of seats on their board of directors. Right wingers view this very modest proposal for #codetermination as socialism, as a „plan to ’nationalize every major business in the United States,‘ which would be ‚the largest seizure of private property in human history.'“ (https://www.currentaffairs.org/2018/08/some-illuminating-reactions-to-elizabeth-warrens-worker-rights-plan)

The discussion not only in the U.S. press, but also on twitter (#codetermination) is very interesting. I read a lot of arguments we have been discussing in Germany for a long time, and I think the discussion could learn from the German experience of codetermination (Mitbestimmung). There is a lot of literature. The following source summarizes parts of the discussion and provides some references:

Berger, B., & Vaccarino, E. (2016). Codetermination in Germany – a role model for the UK and the US? Retrieved from http://bruegel.org/2016/10/codetermination-in-germany-a-role-model-for-the-uk-and-the-us/

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Interesting report written by Aline Conchon: „Trades Union Congress – Workers’ voice in corporate governance – A European Perspective (2015)“

Workers’ voice in corporate governance – A European Perspective [PDF] There is increased interest across the political spectrum and within the trade union movement in exploring options for workers’ voice in corporate governance and worker representation on company boards. The TUC is publishing this report written by Aline Conchon of the ETUI as a contribution to that debate, updating a report originally in published in 2013.In the UK, worker representation on company boards is often associated with Germany and its two-tier board system. What is less widely known is that workers have the right to be represented on company boards in 19 European countries, and that this applies in countries with a unitary board system like the UK as well as those with a two-tier board system such as Germany. This report sets out the situation in relation to worker voice in corporate governance across Europe. It examines the differences and similarities in provisions on worker representation in corporate governance in different European countries, as well as EU regulations and Directives on the subject.“ Source: Trades Union Congress – Workers’ voice in corporate governance – A European Perspective (2015)