General Discussion
In reply to the discussion: 10 Reasons to Hate Capitalism [View all]99th_Monkey
(19,326 posts)But am not convinced it's the main reason for US obtuseness to worker ownership.
You know, that for the first 50 or so years of the early Union Movement, worker-ownership was THE focus of union activity, then in early 1900s they opted for Collective Bargaining as the Union MO. This is one of the main reasons I don't buy your answer as the whole picture. <-- Granted, your answer may explain part of why the Unions shifted focus however.
Another reason is the Mondragon experience in the Basque region of Spain.
http://en.wikipedia.org/wiki/Mondragon_Corporation
People in Mondragon have families, everyday financial concerns, fears of financial risk, etc. but they never-the-less have chosen worker ownership, AND they are mostly happy with it, and have expanded it into almost every sector of the economy, including banks.