People's Sector as an Alternative Economic Model and the Example of Denizli

Abstract

People’s sector is an establishment of an enterprise result of bringing together production tools take decisions related to the management of this property and create self-employment opportunities with people’s own savings. This is the most distinctive feature from the private sector and the public sector. As well as the public sector and the private sector, labor is a part of the production, but in people’s sector, employees participate in management, capital and profit. In private sector and public sector there is an up to down organization but in People’s Sector, organization settles from down to top. People’s Sector resemble to publicly held companies and worker companies in Western Europe and United States but differ from them in the form of establishment and statue of partnership. Because in these companies in the West, government or private sector open shares to public or make workers partner to the shares. In these companies, managerial decisions belong to the person or group that holds most of the shares. Whereas in public sector enterprises, people come together and have equal rights in establishment and management of the enterprise, without any person or group keeping the majority of shares in the hand. Without a precedent in the world, this sector is formed in 1970’s with the savings of the workers went from Turkey to Germany and other European countries. In this study, a literature rewiev in the people’s sector has been made, then exemplary research was carried out by the founders of the two People’s sector companies.