The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow’s economic and political challenges and develop today’s solutions. Their assignment: be bold, and leave the conventional wisdom — and their own opinions — behind. In today’s video, political economist Gar Alperovitz speculates on what could happen if workers claim power over small businesses.
Gar Alperovitz, Professor of Political Economy at the University of Maryland, describes the potential for a future economic revolution: starting in Cleveland, small businesses will democratize ownership. From there, the model will spread to cities across the country. As MBAs begin to understand that productivity in worker-owned companies is higher than in traditional firms, the movement will continue to grow.