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There is nothing preventing worker cooperatives from existing today, and indeed there are plenty in business all over the world. Unfortunately you will find th
by djbebs 5y ago
There is nothing preventing worker cooperatives from existing today, and indeed there are plenty in business all over the world.
Unfortunately you will find that they simply are not as effective as regular corporations, and hence they tend to be very small, and occupy only a small niche where their lack of competitiveness won't cause them to go bankrupt quickly.
- Miner49er 5y agoI'm not so sure that's why there's less co-ops. It could just be that they have a harder time getting capital. Which makes sense, because they don't prioritize investors like traditional companies.
- jhgb 5y ago> they simply are not as effective as regular corporations Of course the effectiveness of the existing system led us right into a climate disaster.
- timbit42 5y agoMondragon has over 81,500 workers and has been in existence for 55 years. https://en.wikipedia.org/wiki/Mondragon_Corporation https://en.wikipedia.org/wiki/Mondragon_Corporation Ocean Spray has over 2,000 workers and has been going for 91. https://en.wikipedia.org/wiki/Ocean_Spray_(cooperative) https://en.wikipedia.org/wiki/Ocean_Spray_(cooperative)