Worker Owned Cooperatives
A socialist model that ranges from wholly worker owned to codermination (worker representation on corporate boards.) A long history of successful businesses, including the German model of 40% worker representation on all corporate boards. They compete quite well with capitalist ownership.
- Elizabeth Warren has a plan to save capitalism [More...]
- The Accountable Capitalism Act: starts from the premise that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood. Includes the German practice of codetermination (40% worker representation on corporate boards.)
- Mondragon Corporation [More...]
- The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain. It is the tenth-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2014, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge.
- What do we really know about worker co-operatives? [More...]
- "[F]ar from being a niche business form only appropriate in special circumstances, worker co-operatives constitute a serious alternative -- a high-performing firm type suited to all or a very broad range of industries, and possibly more sustainable than conventional businesses."
- Worker-owned enterprises as a social solution [More...]
- "In short, the economic and institutional realities of worker-owned enterprises are not entirely clear. But the concept is promising enough, and there are enough successful real-world examples, to encourage progressive thinkers to reconsider this form of economic organization."
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