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Sunday, April 01, 2012

More on worker-owned businesses

as a follow-up to my post from last tuesday, here's a preview of a documentary to be released in july this year...
SHIFT CHANGE - Putting Democracy to Work - preview

At a time when many are disillusioned with big banks and big business, the economic crisis and growing inequality in our country, employee ownership offers a real solution for workers and communities. Shift Change: Putting Democracy to Work is a new documentary (to be released in July, 2012) that highlights worker-owned enterprises in North America and in Mondragon, Spain. The film couldn’t be more timely, as 2012 has been declared by the U.N. as the “International Year of the Cooperative.”

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Tuesday, March 27, 2012

Worker-owned businesses

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good stuff...
It may not be the revolution’s dawn, but it’s certainly a glint in the darkness. On Monday, this country’s largest industrial labor union teamed up with the world’s largest worker-cooperative to present a plan that would put people to work in labor-driven enterprises that build worker power and communities, too.

Titled “Sustainable Jobs, Sustainable Communities: The Union Co-op Model,” the organizational proposal released at a press conference on March 26 in Pittsburgh, draws on the fifty-five year experience of the Basque-based Mondragon worker cooperatives. To quote the document:

“In contrast to a Machiavellian economic system in which the ends justify any means, the union co-op model embraces the idea that both the ends and means are equally important, meaning that treating workers well and with dignity and sustaining communities are just as important as business growth and profitability.”

It might not sound like big news to members of their local food coop but it’s revolutionary stuff in the context of industrial production. The United Steelworkers represents some 1.2 million members; the average steel plant requires millions of dollars of investment, and there’s history here when it comes to worker ownership—some of it painful.

Thirty-five years ago, when local steelworkers and a statewide religious coalition put forward a plan to transfer the Youngstown Sheet and Tube steel mill to worker and community control, the USW’s attitude was very different. As recounted by Gar Alperovitz in his (recently updated) "America Beyond Capitalism:"

“In the late 1970s the union saw worker-ownership as a threat to organizing, and it opposed efforts by local steelworkers to explore employee-owned institution-building in cities like Youngstown.”

This Monday, Leo Gerard, forward-thinking president of a very new kind of international USW, had this to say:

“To survive the boom and bust, bubble-driven economic cycles fueled by Wall Street, we must look for new ways to create and sustain good jobs on Main Street…. Worker-ownership can provide the opportunity to figure out collective alternatives to layoffs, bankruptcies, and closings.”

“The union’s gone through a huge transition,” Alperovitz told me when I reached him at his office shortly after the press conference. “This is a real declaration of a new direction for labor.”

It’s been a few years since the USW first became curious about the Mondragon cooperatives after they had a good experience working with GAMESA, a co-op friendly Spanish wind turbine outfit that opened up three plants in Pennsylvania. In 2009, with their Spanish colleagues' help, Gerard sent a delegation to the Basque region of Spain to investigate Mondragon, now a $24 billion global operation. Since then, the USW has worked slowly with Mondragon and the Ohio Employee Ownership Center (OEOC) a university based coop-outreach center founded by one of the organizers of the Youngstown initiative, to fine tune the US version presented Monday.

i sincerely believe this this is the way things need to go... unfortunately, as long as the current model of capitalism remains the state-sponsored religion, it will never take off...

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Wednesday, July 20, 2011

A defective system of money, banking, and finance puts money in the wrong places

there's a lot of good common sense here... unfortunately, our super-rich elites don't give much of a shit for either common sense or the common good... they would fight recommendations like these tooth and nail...
How to Liberate America from Wall Street Rule

How is it that our nation is awash in money, but too broke to provide jobs and services?

[...]

In the 1970’s Wall Street interests began pushing a deregulation agenda that led to a transfer of financial power from Main Street to Wall Street. Wall Street’s mega-banks lost interest in real investment and developed a new business model. They now specialize in charging excessive fees and usurious interest rates, providing leverage to speculators, speculating for their own accounts, luring the unwary into mortgages they cannot afford, bundling junk mortgages to sell them as triple-A securities, betting against the clients to whom they sell the overrated securities, extracting subsidies and bailouts from government, laundering money from drug and arms traders, and offshoring their profits to avoid taxes.

The consequences include the erosion of the middle class, an extreme concentration of wealth and power, a costly financial collapse, persistent high unemployment, housing foreclosures, collapsing environmental systems, the hollowing out of U.S. industrial, technological, and research capacity, huge public and international trade deficits, and the corruption of our political institutions.

Wall Street profited at every step and declared its experiment with deregulation and tax cuts for the wealthy a great success. It now argues for extending the same measures even further.

How to Liberate America from Wall Street Rule spells out details of a six-part policy agenda to rebuild a sensible system of community-based and accountable financial services institutions.

  1. Break up the mega-banks and implement tax and regulatory policies that favor community financial institutions, with a preference for those organized as cooperatives or as for-profits owned by nonprofit foundations.
  2. Establish state-owned partnership banks in each of the 50 states, patterned after the Bank of North Dakota. These would serve as depositories for state financial assets to use in partnership with community financial institutions to fund local farms and businesses.
  3. Restructure the Federal Reserve to function under strict standards of transparency and public scrutiny, with General Accounting Office audits and Congressional oversight.
  4. Direct all new money created by the Federal Reserve to a Federal Recovery and Reconstruction Bank rather than the current practice of directing it as a subsidy to Wall Street banks. The FRRB would have a mandate to fund essential green infrastructure projects as designated by Congress.
  5. Rewrite international trade and investment rules to support national ownership, economic self-reliance, and economic self-determination.
  6. Implement appropriate regulatory and fiscal measures to secure the integrity of financial markets and the money/banking system.

the only way things like this will ever see the light of day is if the american people band together to make it happen... this would involve tossing the super-rich elites, the banksters and their bought-and-paid-for elected officials out on the street or, better yet, herding them onto u.s. navy ships and holding them in indefinite detention in the lagoon at diego garcia in the indian ocean...

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