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I hope my comment is not too late: Have a look at Mondragon Cooperatives. It's a real life large scale implementation of Woker-owned Cooperatives. Not perfect
by profalseidol 8y ago
I hope my comment is not too late:
Have a look at Mondragon Cooperatives. It's a real life large scale implementation of Woker-owned Cooperatives. Not perfect but it does show a lot of the good possibilities.
Back in 2008 when the regular Capitalism crash happens where we plebs payed capitalists:
Mondragon: Spain's giant co-operative where times are hard but few go bust:
https://www.theguardian.com/world/2013/mar/07/mondragon-spains-giant-cooperative https://www.theguardian.com/world/2013/mar/07/mondragon-spai...
TL;DR of this article - Workers of Mondragon's Washing Machine factory got redundant due to recession lowering demand for their products. Instead of lay-offs, they compensated by lowering wages of managers (note that they have a rule where there is a max ratio of salary from lowest salary). Then offered these workers to retrain for free with commute allowance. Or offered early retirement with complete benefits and cash out their ownership.
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In general, the Theory of Value makes sense to me:
https://en.wikipedia.org/wiki/Theory_of_value_(economics) https://en.wikipedia.org/wiki/Theory_of_value_(economics)
Capitalism doesn't just take a huge cut in what we deserve. But has also stripped us of our humanity.