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.
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?
I think the term they used is best: co-operative
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.
You must have a very very very narrow group of people around you.
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.
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??
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not a company town if the employees own the company, then it’s just the employees town.
think we’re Communists
It’d be cooler if you were.
But definitely cooperatives would be a HUGE improvement over what we have now.
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.
