Buying into Capitalism? Employee Ownership in a Disconnected Era


Brown R, McQuaid R, Raeside R, Dutton M, Egdell V & Canduela J (2019) Buying into Capitalism? Employee Ownership in a Disconnected Era. British Journal of Industrial Relations, 57 (1), pp. 62-85.

This paper considers whether employee ownership mitigates the negative workplace outcomes identified by the Disconnected Capitalism Thesis (DCT). Drawing on a programme of in-depth interviews with workers and managers in EOBs, the paper reveals how they are partially insulated from the vicissitudes endemic within contemporary capitalism. In contrast to the workplace outcomes envisaged within the DCT, these firms are characterised by strong workforce participation, high levels of employment security, active employee engagement and strong levels of employee creativity. Not only are these features beneficial for productivity and firm performance, they generate a form of “connected” capitalism, partially offsetting wider negative systemic forces at play in the economy.

Employee ownership; Disconnected Capitalism; Job security; Employee Voice; Employee Engagement; United Kingdom

British Journal of Industrial Relations: Volume 57, Issue 1

FundersScottish Enterprise and Scottish Enterprise
Publication date31/03/2019
Publication date online18/04/2018
Date accepted by journal23/03/2018