The Case for Worker Co-ops

Economics professor Nancy Folbre makes the case on the New York Times Economix blog.

Since many of our most prestigious economic institutions have embarrassed themselves at our expense over the last year, maybe it’s time to look around.  Worker-owned and -managed businesses combine the romance of entrepreneurship with solid family values and commitment to community. What’s not to like?

"Rousing examples abound, from the large Mondragon group in Spain (whose planned collaboration with the United Steel Workers featured in my last post) to the two companies that shine in Michael Moore’s recent film, “Capitalism: A Love Story” — the Alvarado Street Bakery and Isthmus Engineering.  CNN Money recently profiled six worker-run businesses including Pelham Auto, whose mechanics have cheerfully fixed every car I’ve owned for the past 20 years"