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Mondragon is absolutely a for-profit, money-motiviated firm. It doesn't do things for free. The difference is that the shareholders are the employees rather tha
by missedthecue 3y ago
Mondragon is absolutely a for-profit, money-motiviated firm. It doesn't do things for free. The difference is that the shareholders are the employees rather than investors.
There is nothing illegal about starting a co-op, but in practice they are quite difficult because of the capital needed up front to start a business. That is to say, it's much easier to ask a VC for $5 million in series A funding than it is for the 10 devs running the thing to put up $500,000 each of their own money.
- forgetfreeman 3y agoYou're pretending financial institutions don't exist (business loans are absolutely a thing) and that all forms of profit-taking are ethically equivalent. What, exactly, are you stanning here?