A bitter end?
Did capitalist structures make the buy-out of Cdbuy inevitable, asks Grace Crookall-Greening
We hear many sentiments of dismay and regret that Cadbury has been gobbled up by Kraft. Unfortunately very little is said or written about the choice of a capitalist company structure which made this possible, even inevitable, where power is ceded to shareholders. The moral stature and practice of the early days of the Cadbury company were admirable, if paternalistic. It didn’t extend to protecting the future of the people who worked there by converting to one of the models of democratic stewardship. Even after Cadbury floated and ceased to be a private company, some capital resources could have been used to develop experiments in economic democracy.
You need to login to read subscriber-only content and/or comment on articles.