Costco CEO Jim Sinegal

CEO and President of US’s third-largest retailer. Reputation for low prices (very narrow profit margins) but also for taking care of employees. 86% of Costco employees get healthcare and benefits — even though half are only part-time. Avg wage: $19/hour. Costco has had no layoffs in the recession. “It’s really pretty simple. It’s good business. … Continue reading

The Cleveland Model

Several nonprofit and medical institutions in Cleveland have turned to the Mondragón model for a consortium of businesses that will provide needed services and bolster an impoverished community. The Cleveland model takes us beyond both traditional capitalism and traditional socialism. The key link is between national sectors of expanding public activity and procurement, on the … Continue reading

Solidarity Economy

See here for many many definitions. A Solidarity Economy is defined by: Solidarity, cooperation, and democracy as norms that all people and organizations have to follow if they are to be a part of the Solidarity Economy. The supremacy of labor over capital. Labor is the core of economic life and human development. It is … Continue reading

Basic Principles of the Mondragón Cooperative Corporation

This summary consists of both direct quotes and our summary of the Mondragón text. I. Open Admission. The cooperatives do not discriminate on the basis of religion, politics, ethnicity, or sex when it comes to becoming a member of the cooperative. II. Democratic Organization All authority is vested in the General Assembly, which consists of … Continue reading

Mondragón Cooperative Corporation

In most for-profit businesses, labor is hired at the service of capital. For the Mondragón cooperatives, capital is something they rent to benefit the worker-owners. The Mondragón model is not only about distribution of the profits, it is also about control of the business. Capital is borrowed, stock is not sold for financing. All new … Continue reading

Capitalism 3.0

notes on Barnes, Peter. Capitalism 3.0. San Francisco: Berrett-Koehler Publishers, 2006. Systemic problem of capitalist democracy: government puts the interests of private corporations before those of its citizens. Neither market nor state alone can be the full answer to the problems — both are flawed. Tragedy of the commons: people will always over-use a commons because … Continue reading