The United States should learn from the better performance of European companies which have worker representation on boards.

In comparison with the United States, the economies of northern Europe do a superior job of fulfilling Adam Smith’s hopes for capitalism as a mechanism to diffuse prosperity. Their success in displacing the US as the economic land of opportunity is a consequence of American corporations prioritising shareholder returns. In contrast, northern European companies with a codetermination system—where employees sit on company boards—prioritise strengthening domestic labour markets. Continua la lettura →