March 8, 2014     Permalink economy Submitted by Michael Dewey

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Worker Ownership Cooperatives are Our way out of This Mess: click here

Ever since hearing of the Mondragon Cooperative of the Basque in Spain, have figured it was the way to get an honest wage from a good job.  45% of its profits go to the worker owners, who cash it in when they retire.  The Ceos earn mainly 5 times what the rank and file earn, who do each have a vote in how the company is run.  It owns its own Collage which trains its workers.  It's not perfect but its a model that companies and cities could use to restore good jobs, from the bottom up.  Sure a few screws need to be loosened at the top