Reference no: EM132529673

Marx and Smith both predict that workers will maintain some minimal control over the means of production through unionization and democratic government regulation. However, as the textbook states, there have been very few successful instances of workers enjoying full control of a company. Although some companies such as Google give employee shareholders double the voting rights per share, there are no examples of unions buying out majority control over a company. Why do you think this is? And do you think that this could be a plausible course of action under extreme circumstances, say, to block mass layoffs due to increasing automation? Justify your answer.