Is Trade Unionism Sound a Suggestion for Outflanking the Power of Capital

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Fifth. The em'ployers should be encouraged to enter into profit-sharing arrangements with their workers, and to give them a share in the control of their enterprises and conditions of employment. This could be done by giving the firms who conceded these terms the first choice of the best workers who desire some share of the profits and of the control of their conditions of employment. If this inducement was not sufficient, it might be desirable to grant those firms, who introduce an approved sc
...heme of profit-sharing and joint control of the conditions of employment, a rebate from the rate of income tax.
Sixth. The leaders of the workers, in the principal industries, should be encouraged to run a few enterprises in DEVELOPMENT OF PRODUCTIVE POWERS 67 their respective industries under the management of the workers, who would select their own manager, and entirely control their own conditions of employment. To this end, the Government should be willing to advance a substantial share of the capital required (say up to 75 per cent.) as a first charge on the undertaking, at a low rate of interest (i.e., at the price the Government has to pay).


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