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Excerpt: Mondragon Principles, Worker-Led Prosperity

While we wait for the possibility of an #ACA repeal, and watch wealthy elites’ and CEO’s salaries grow at the expense of workers, #neweconomy cooperatives provide a model for future prosperity.

As Richard Wolff says here, cooperatives based on the Mondragon principles of worker-led management provide a viable alternative to capitalism. This short on the history of the Mondragon school, and corporation, shows how a time of fascism and post-war destitution gave birth to an alternative economic model that went on to be the 7th largest corporation in Spain. In the United States, cooperative businesses together earn over 600 billion in revenue, providing the workers not only with a fair and sustainable livelihood, but also building the economy from the bottom up.