this post was submitted on 08 May 2024
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Probably because the owners want to take all of the profit and employees do not have the capital to make the investment.
It takes a certain benevolent capitalist to convert their business to employee owned (Bobs Red Mill intensifies). Such businesses only represent 12% of the private sector
That's a much higher percentage than I expected.
Benevolent capital is out there, especially in the startup phase. I find it arrogant and ignorant, but available. It does require risk-sharing which I find doesn't fit the vision of the borrower.