

Documentary #8: Worker Cooperatives Pt. 2 – Islands within a Sea of Capitalism (Documentary)
15 snips Jun 12, 2018
Explore the Mondragon Cooperative Corporation in Spain and its success in combating inequality. Learn about the challenges faced by cooperatives in the face of globalization and capitalist pressures. Discover the need for cooperatives to be part of broader political movements to challenge capitalism. Hear about Cooperation Jackson's vision of empowering the Black working class and transforming the political economy of Jackson, Mississippi.
AI Snips
Chapters
Transcript
Episode notes
Mondragon's Origins
- Father José María Arizmendiarrieta founded Mondragon to build community resilience and solidarity.
- He created a school, the first industrial cooperative (Ulgor, now Fagor), and a bank to support the growing network.
Solidarity and Pay Ratio
- Mondragon's worker solidarity system reassigns workers from bankrupt co-ops to others, preventing layoffs.
- The pay ratio between the highest and lowest paid worker is 1 to 6, drastically lower than in the US.
Mondragon's Growth
- During the 1980s, Mondragon scaled up amidst Spain's transition from dictatorship and an industrial crisis.
- The Basque Country reinvested in manufacturing and adopted social economy models, unlike other regions.