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Oh certainly. My comment wasn't to try to imply that employee ownership or to a stronger extent worker co-operatives were somehow impossible or impractical. I'm
by captainbland 8y ago
Oh certainly. My comment wasn't to try to imply that employee ownership or to a stronger extent worker co-operatives were somehow impossible or impractical. I'm actually very optimistic about worker co-operatives in general. My point was more that their ownership structure isn't going to be quite like owning shares in a publicly listed company (as alluded to in the comment I replied to). I understand this is true for Mondragon, at least, where instead workers hold a capital account representing their 'social share' (or ownership stake) that they pay a membership fee into, that profits from the company are paid in to, and from which they can withdraw when they leave or retire.
- Ericson2314 8y agoYeah I was agreeing with you all along. It requires a different notion of ownership and that's important to point out as you did. I just wanted to point out the preeminent coop navigating what seems like a conundrum from our Capitalist perspective.