"Unthinking respect for authority is the greatest enemy of truth."

Welcome to Infoshop News
Wednesday, September 03 2014 @ 02:00 AM CDT

Worker Cooperatives: Retooling the Solidarity Economy

Anti-Capitalist Movement

Under the cooperative model, workers own the business, reducing injustice because they have a stake in the community and because an individual will find it hard to exploit oneself. Workers often buy into their jobs (upfront or amortized), vote on major decisions in general assemblies or committees, and even voluntarily donate to the co-op for re-investment. Known as “workplace democracy,” this model of authentic self-determination renders state action superfluous.

Worker Cooperatives: Retooling the Solidarity Economy

by Sebastian A.B.
Center for a Stateless Economy
April 30th, 2013

Building A Solidarity Economy

Under the cooperative model, workers own the business, reducing injustice because they have a stake in the community and because an individual will find it hard to exploit oneself. Workers often buy into their jobs (upfront or amortized), vote on major decisions in general assemblies or committees, and even voluntarily donate to the co-op for re-investment. Known as “workplace democracy,” this model of authentic self-determination renders state action superfluous.

The flagship Mondragon Corporation, the seventh largest company in Spain by asset turnover (and a federation of hundreds of cooperatives) is a controversial but impressive proof-of-concept that worker cooperatives can do everything the vampiric large-scale, capital intensive firms can, but better.

Today, worker co-ops have immense economic impact but unrecognized political clout. The cooperative is a sleeping giant: There are at least 30,000 U.S. cooperatives with at least $3T in assets, $654B in annual revenues, $75B in wages and benefits and 875,000 jobs directly created. [1] For comparison, Apple had $156.5B in revenues for the 2012 fiscal year. Rigorous studies on the viability of the cooperative model can be read on the website of the Quebec International Summit of Cooperatives here.

The above figures don’t account for cooperatives outside of the US, either. In Britain, Italy, Sweden and Germany, cooperatives are a sizable pillar of the economy and partially account for the high social development statistics in these nations. Reflecting these egalitarian values, a 2003 federation of worker cooperatives drafted the World Declaration on Cooperative Worker Ownership, a.k.a. the Oslo Declaration, a sentiment based on solidarity and inclusiveness rather than the psychopathic self-interest that characterizes the corporation-state.

Read more

Share
  • Facebook
  • Google Bookmarks
  • Ask
  • Kirtsy
  • LinkedIn
  • Digg
  • Twitter
  • SlashDot
  • Reddit
  • MySpace
  • Fark
  • Del.icio.us
  • Blogmarks
  • Yahoo Buzz
Worker Cooperatives: Retooling the Solidarity Economy | 0 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.