The Mondragon cooperatives – valued workers instead of shareholder value

Published on the Real-World Economics Review Blog, by merijnknibbe, February 4, 2012.

Economists often have a stunning lack of knowledge about the kaleidoscope of different kinds of companies which exist. The neo-liberal, financially focused, manager based, non-family, private business with shares which are traded at some kind of stock exchange seems to be their main frame of reverence, despite the fact that many other kinds of businesses do better and often much better, for one thing because they focus less on short-term shareholder value. One of these non neo-liberal kinds of businesses are Mondragon type of cooperatives (over 80.000 employees) …

Link: Some most relevant data on MONDRAGON.

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