Tag Archives: cooperatives

Worker-run companies show how to profit without a boss

By various sources

There are now 205 “recovered” companies in Argentina, with nearly 10,000 workers — up from 161 companies with 6,900 workers in 2004, according to a study published in October. Though the economy has improved since the 2001 crash, the current economic downturn has caused a recent increase in factory take overs. There are now some 10,000 cooperatives in Argentina, where workers control profits and make management decisions — while saving their jobs.

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Workers creating their own jobs

By Evergreen Cooperatives

The Evergreen Cooperatives of Cleveland, Ohio are pioneering innovative models of job creation, wealth building, and sustainability. Evergreen’s employee-owned, for-profit companies are based locally and hire locally. We create meaningful green jobs and keep precious financial resources within our community. Our workers earn a living wage and build equity in their firms as owners of the business.

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JC vs Capitalism: Foreclosures, Unemployment & Wall Street Bailouts

capitalism-a-love-story_290By Rady Ananda

In Capitalism: A Love Story, Michael Moore looks at the Wall Street bailouts – which the vast majority of citizens rejected (and Congress passed anyway) – and concludes that capitalism is a sin.

“We now have the highest unemployment rate since 1983. There’s a foreclosure filing once every 7.5 seconds. 14,000 people every day lose their health insurance,” he wrote in an email this morning. “Would Jesus be a capitalist? Would he belong to a hedge fund? Would he sell short? Would he approve of a system that has allowed the richest 1% to have more financial wealth than the 95% under them combined?”

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