Reposted from Mar. 22, 2011.
During my own investigations into economic and political systems, I came across the idea of worker co-operatives. These are businesses which are collectively owned by their workers and democratically managed. When I first learned about these, I was stunned at how brilliant of an idea it seemed to be. It was something of a hybrid between a corporation and a partnership. As I investigated other issues, I kept coming back time and time again to this alluring concept that had never been taught to me in my classes on business or economics. It seemed to be an excellent idea, worthy of my support. And in the end, I based some of my own ideas on politics and economics around this concept. So in order to do what I can to support these co-ops, I want to spend a little bit of time talking about the benefits this form of business can have. I’ve divided the benefits into three main areas (though there is some overlap): economic, personal/social, and ethical. But first, let me describe in a little more detail what a worker co-op is.Continue Reading
The current political rhetoric in the United States (and other countries, to a lesser extent) is all about government regulations vs. the free market. Republican candidates have been spending much time making promises about budget cuts, removal of regulations, and untying the hands of “job creators.” Government regulation is said to be “inefficient” and an impedance to the progress of the country. The rhetoric here in Canada over the past few years has been similar, focusing on “stimulating the economy” and creating jobs.
Amongst all this language about business and economies, it is important to clarify the goals or end-state that one wishes for society to achieve. Certainly, people have different ideas about what society should be like, but in general I think it is fairly uncontroversial to state that society should benefit the people within it. I would submit that a good goal for society to have is to be just and equitable, and to work toward the well-being of its citizens. It is only after we set this goal that we can start to clarify whether government regulations and policies are truly a good thing. Do they achieve this goal?Continue Reading