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A joint project of UTA professor Mark Hand and students at UTA & SMU, the Research Cluster on Employee Ownership + Workplace Democracy is dedicated to sharing and discussing new developments in purpose trusts, employee ownership, and workplace democracy.

Daily Democracy

Barack Obama's "Inclusive Capitalism"

A former president turns from politics to economics

Mark C. Hand

Nov 3, 2023

Cropped from photo by Kawai So on Unsplash

At the Obama Foundation’s second Democracy Forum today, the former president will focus not on politics, but on economics. He plans to advocate for what he calls inclusive capitalism, according to Axios:

“the former president will call for ‘a new economic framework that addresses inequality and prepares citizens for the coming changes in how we live and work that reaches a higher purpose beyond material consumption,’ according to a preview for Axios.” (emphasis added)

What to watch: It’s not clear yet what Obama’s inclusive capitalism includes. It’s a strong bet that means continued reinvigoration of unions.

We hope it also includes employee ownership, steward ownership, workplace democracy, and other paths by which workers and stakeholders might have a voice in, and benefit financially from, the companies whose decisions shape our economy and society.