AI Should Give Rise to an Ownership Economy ...Middle East

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Now, AI is transforming how our economy operates, and a wide range of voices are unifying around a shared goal: expanding worker equity ownership.  

I am optimistic that with the right policies and momentum, an ownership economy can become the foundation of a new social contract between business and society—where corporate profit and economic participation reinforce one another, grounded in the principles of Inclusive Capitalism: fairness, equity, and opportunity.  Many investors, politicians, and business leaders—including big tech CEOs—increasingly recognize that as AI reshapes work and productivity, the wealth it creates must be shared broadly across society.  

Pope Leo is far from alone in this view. Worlds away, BlackRock CEO Larry Fink similarly argued in his 2026 letter to investors that with AI driving growth in capital markets, ownership, too, must broaden. 

Business leaders closest to technological change are proposing new ways to share their economic gains with workers—whether through direct participation in market returns, or workforce development spending.  OpenAI’s proposal for a wealth fund, seeded through AI productivity gains and invested in technology companies, or even Elon Musk’s push for universal wealth, are premised on the idea that AI-driven abundance can offer capital-based alternatives to universal basic income. California Governor Gavin Newsom recently directed state agencies to study such capital mechanisms for their potential to protect workers amid loss of income and jobs to AI.

This gap is being addressed by some industry solutions. Verizon has established a Transition Fund for employees displaced by AI, which CEO Dan Schulman hopes will be adopted by other companies, and even evolve into sector-based transition funds supported by multiple companies. In Korea, Samsung averted a worker strike by agreeing to a profit-sharing agreement which will award employees 10.5% of operating profits from its AI chip business—a bold move investors rewarded with an 8% jump in the company’s stock price.

Public investment funds for the AI transition

To fully realize the potential of the ownership economy, we must expand employee ownership across all sizes of U.S. companies. This is crucial because it creates wealth-building opportunities for working families and also strengthens employee agency and business resilience. 

The key is that workers across sectors and firms are able to benefit from the ownership economy. 

The business case for employee ownership

This model is spreading across sectors as well.  In 2024, Bank of America used equity awards to complement its efforts to improve compensation for approximately 97% of its workforce.  

Investment makes the difference 

Yet, so far, bipartisan support has not unlocked the institutional capital needed to expand the ownership economy. While new policy incentives and financing mechanisms are awaited, investors should not stay on the sidelines.  

I am encouraged by how some investors are pressing ahead by tapping into promising opportunities in collaboration with State governments. States are emerging as laboratories for scaling ownership models, alongside institutional investors such as public pension funds as well as philanthropic capital. From this ongoing work, new financing pathways for broad-based ownership are taking shape among policymakers, investors, and companies, offering an early blueprint for the ownership economy where more workers participate in the wealth they help create.

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