“Mine!” Who hasn’t heard a young child say that? The concept of ownership is one of our most primitive senses. Indeed, I once read that the difference between North American and South American history, (both colonised around the same time) could be attributed to the encouragement of land ownership stimulating the greater development of the North.
Be that as it may, you would have some difficulty arguing against the idea that ownership is an integral part of capitalism. The concepts of limited liability and the lasting, legal persona of the corporation would not have been possible, or nearly as successful, without distributed ownership and the amelioration of risk it created. So much so, that you might even argue that ownership is the heart of capitalism. Which is why it is strange that so little has been done to make employees owners. Even stranger – and certainly ironic – is that efforts to encourage this are sometimes seen as socialism!
In fact, making your employees co-owners of your business has to be the ultimate in capitalism. Why? Because it also gives them a stake in the outcome. This makes it more personal. It gives them the pride of possession. Now, instead of simply being ‘servants of the organisation’ they become ‘partners in our organisation.’