Michael Peck gives an articulate and informative (if selective, and at times misleading) presentation of #mondragon as it stands today.
HBR Article: https://hbr.org/2018/08/why-the-u-s-needs-more-worker-owned-companies - Michael Peck
Example 1: he described the way that Mondragon handled the bankruptcy of Fagor Electrodomesticos as if all the workers were members of the cooperatives when in fact the majority were wage laborers. This matters because Mondragon's justly celebrated welfare system applies only to coop members -- who indeed got training, re-assignment, and/or payments of most of their salary while they were out of work. The thousands of wage laborers got none of this.
@Matt_Noyes @tbeckett @GeorgeCheney Agreed! Mondragon is important, especially as they experiment and change. At the same time, their experience is based unique aspects of the time and place that their co-op formed as well as the unique needs of their members. We need to avoid hero worship and presumptions that if Mondragon does something it must be correct (often it isn't that is why even they call it an experience). #coops
Example 2 -- no mention of the not so positive role played by Mondragon's Laboral Kutxa (Caja Laboral) and several other mainstream banks in selling Fagor subordinated debt to people in the community, many elderly, who did not understand the nature of the investments.
Anjel Errasti calls Mondragon's industrial model "multinational coopitalism" -- running capitalist enterprises around the world to support a minority of worker coop members in the Basque country.
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