Friday, March 23, 2012
Spanish co-op weathers financial storm
Spain is deep in debt, and its economic woes are causing misery for many. But the country is also home to to the world's largest worker co-operative, the Mondragon group, which employs more than 80,000 people across 256 companies and has expanded into 18 countries. The co-operative is owned by its workers, and power is based on the principle of one person, one vote. It is still flourishing half-a-century after critics said it would never survive and, for now, the system appears to be weathering the financial storm. Al Jazeera's Sonia Gallego reports from Mondragon.
Posted by The Progressive Rambler at 11:31 AM