Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

jtuck004

(15,882 posts)
5. United Steelworkers and Mondragon Cooperatives forge agreement
Fri May 25, 2012, 05:32 PM
May 2012

http://www.usw.org/media_center/releases_advisories?id=0234


"... Too often we have seen Wall Street hollow out companies by draining their cash and assets and hollowing out communities by shedding jobs and shuttering plants. We need a new business model that invests in workers and invests in communities.”
...
Highlighting the differences between Employee Stock Ownership Plans (ESOPs) and union co-ops, Gerard said, “We have lots of experience with ESOPs, but have found that it doesn’t take long for the Wall Street types to push workers aside and take back control. We see Mondragon’s cooperative model with ‘one worker, one vote’ ownership as a means to re-empower workers and make business accountable to Main Street instead of Wall Street.” ..."

If one is interested, this might be worth watching...


Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»"I understand, for i...»Reply #5