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