3 votes

How a worker-owned business model in Spain is keeping inequality in check

5 comments

  1. hungariantoast
    Link

    “The objective of the cooperative is not to produce rich people, it’s to produce rich societies,” said Igor Herrarte, an engineer at Mondragon Assembly, which makes solar panels and machinery to help firms automate their production. “We don’t have a lot of rich people — or not very rich — but on the other hand, we also don’t have poor people.”

    2 votes
  2. [4]
    knocklessmonster
    (edited )
    Link
    Bear in mind that Mondragon is also built on the same shoulders as other multinational corporations. The majority of non-Spanish entities in the company are just companies, not coops, and have no...

    Bear in mind that Mondragon is also built on the same shoulders as other multinational corporations. The majority of non-Spanish entities in the company are just companies, not coops, and have no voting stake, and subject to similarly exploitive practices as their counterparts under other non-coop companies.

    1 vote
    1. [3]
      MimicSquid
      Link Parent
      a) If it benefits a larger pool of shareholders more equitably, it's still better. b) With an organizational philosophy of equality, some of that will likely bleed through to their other business...

      a) If it benefits a larger pool of shareholders more equitably, it's still better.
      b) With an organizational philosophy of equality, some of that will likely bleed through to their other business units. Is there any evidence either way regarding their exploitation of their subsidiaries?

      4 votes
      1. [2]
        knocklessmonster
        (edited )
        Link Parent
        This Guardian article was actually one of the only sources I could find even writing my paper, and itnis generally charitable about Mondragon, while pointing out the issues with how it treats its...

        This Guardian article was actually one of the only sources I could find even writing my paper, and itnis generally charitable about Mondragon, while pointing out the issues with how it treats its lower subsidiaries.

        They may be treated better than local counterparts, but there is still a solid capital-induced class structure between certain business unit types, and Mondragon with its "higher class" subsidiaries still benefits from that structure.

        5 votes