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According to Karl Marx, in a capitalist system, workers compete with each other to accept the lowest pay. But what would it look like to do things differently? Mondragon, the world’s largest existing worker-owned cooperative, emerged in 1956. In a worker-owned co-op, there’s no capitalist at the top scraping off the profit for themselves. The business is owned by the workers — and when a profit is made, the workers share it. At Mondragon, all the worker-owners vote on big decisions like strategy
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According to Karl Marx, in a capitalist system, workers compete with each other to accept the lowest pay. But what would it look like to do things differently? Mondragon, the world’s largest existing worker-owned cooperative, emerged in 1956. In a worker-owned co-op, there’s no capitalist at the top scraping off the profit for themselves. The business is owned by the workers — and when a profit is made, the workers share it. At Mondragon, all the worker-owners vote on big decisions like strategy
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