The Basque Country’s Mondragón Corporation is the globe’s largest industrial co-operative, with workers paying for the right to share in its profits – and its losses. In return for giving more to their employer, they expect more back.

  • RimuOP
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    461 month ago

    There is a book “From Mondragon to America” which goes into excruciating detail about how it all works. It’s not just a few factories there are credit unions, food coops and more all doing business together.

  • @[email protected]
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    261 month ago

    think we’re Communists

    It’d be cooler if you were.

    But definitely cooperatives would be a HUGE improvement over what we have now.

  • @jpreston2005
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    61 month ago

    The salary differential between the highest and lowest paid workers in Mondragón, for example, remains about six to one; for the largest 500 listed companies in the US, the gap is closer to 272 to one. At the year end, members of Mondragón’s co-operatives also decide collectively on whether they should pay themselves bonuses and, if so, how much. This profit-sharing comes in addition to a base pay rate that, on average, is 40% above Spain’s minimum wage.

    Man where do I sign up??

    • @jpreston2005
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      141 month ago

      not a company town if the employees own the company, then it’s just the employees town.

  • MysticDaedra
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    -381 month ago

    That’s corporate socialism, not communism. As someone who lives in the US, I don’t know anyone who would call that communism. #americabad I guess?

    • @WhatsThePoint
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      561 month ago

      I live in a red state, it is common to call any collective action communism. It’s common historically for the right to call collective action or ownership communism.

    • @someguy3
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      271 month ago

      I think the term they used is best: co-operative

    • @njm1314
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      141 month ago

      You must have a very very very narrow group of people around you.

    • @[email protected]
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      1 month ago

      Corporate socialism? Honestly never heard that. Market Socialism is the form of socialism that seeks to have publicly-traded companies abolished and replaced by co-ops. Mixed with state owned companies in the case of natural monopolies and basic services (transport, electricity, education, health, etc).

      Market Socialism is very much aligned with OG Marxism, so I see how red-scared people may call it communism.