The State-owned Enterprises Esop With The Reconstruction Of Personal Ownership "

Employee Stock Ownership Plan (ESOP) in our State-Owned Company (SOC) has evoked much concern since it appeared in China. But in practice it does not achieve its desired results. Is this plan the reform direction of our SOC, and is it beneficial to bring about common wealth, and further can this plan root and bloom in our socialist China? All these important problems are put forward in China抯 reform practice.In the current theoretical research, some scholars regard ESOP as the 搑estoration of the individual ownership? and some others take it wrongfully as the 搎uantification of the remaining property to individuals? which is considered as the private ownership. And much more research is made on the running mechanism of ESOP. On the basis of the relevant research and under the guide of the Marxism, Deng Xiaoping Theory as well as the spirit of the 15t~~ National People抯 Congress and the 4t~~ Plenary Session of the 1 5th Central Committee, this paper puts forward, from the view of the direction of reform of SOC and the process of realization of the socialist public ownership, that to establish ESOP with Chinese features is an advantageous choice to enable the StateOwned enterprises to succeed, is the further development and recreation of the Marxism on the 搑estoration of the individual ownership? and is the new discovery about the forms to realize the public ownership, by means of analysis and synthesis as well as linking theory with practice. This organizing form of the property right not only meets the needs of development of the modem market economy, but also reflects the essential features of socialism: the laborers?principle role in society. To adhere to and explore the ESOP confidently not only can improve the economy ernciency and increase people抯 income extensively, but also can avoid the polarization and achieve the common wealth gradually, as well as can ensure the staff抯 democratic rights in economy, political affairs and culture.This paper consists of four parts, whose main contents are as follows:I.A discussion about the application of ESOP in China and its essential featuresThis part introduces the implication and the practice of ESOP meanwhilegeneralizes the essential features of the Plan, which establishes a theoretical prerequisite in a general sense for the main standpoint of this paper.II.A theoretical study on ESOPThis part analyzes the inevitability, rationality and possibility of ESOP in China, and expresses the particularity and superiority of the Plan in our socialist country through a comparison with the project of ESOP in western countries.III.A research on the relation between ESOP and Marx estoration of the individual ownership?On the basis of the complete command of the exact implication of Marx estoration of the individual ownership? this part expounds and proves that to eliminate the capitalist private ownership to establish the socialist public ownership is Marx consistent idea and Marx assumption of estoration of the individual ownership?fulfills the dialectical unity of the private ownership and the public ownership. Yet ESOP in reform practice takes the admission and protection of the laborers?individual property as its premise, expressed in the form of dualistic relations of rights, it is the development and recreation of Marx estoration of the individual ownership?liv.A detailed argument that ESOP is a effective form to realize the socialist public ownershipAfter a rough explanation of the different means to realize the public ownership and the forms to realize the public ownership, this part proves that ESOP is the innovation of the traditional forms to realize the public ownership, from the view of the adoption of value and the mode and running mechanism of the public ownership. And finally, this paper presents approaches to remedy the disadvantages in the practice of this plan, expectant of the smooth application of ESOP in China.