ABSTRACT
The right of the employer to direct and allocate work is the everyday and manifest expression of a lack of democracy at work and of potential dominance in relation to those who do work. The employee investment funds do not deal primarily with these matters. Nor is it the intention that they will assume responsibility for the government's industrial policy. What is specific to the employee funds is that they provide a new opportunity for also making more democratic those decisions which are arrived at within enterprises but which affect a firm's relations with the community. The question of how far any extended right of negotiation should stretch featured prominently in the discussion of labour law reforms. The funds can reinforce the labour legislation reforms quite crucially in one other respect as well. Industrial policy would be limited in scope as long as industry continued to be dominated by private capital.
