Tuesday, March 31, 2009

Co-operative Buisnesses Deal With Recession

http://www.economist.com/business/displaystory.cfm?story_id=13381546 Believe it or not, there are still co-operatives in Spain, the country where the CNT originates from. http://en.wikipedia.org/wiki/Confederaci%C3%B3n_Nacional_del_Trabajo A co-operative is an enterprise which is jointly owned, and managed by the people who work there. Therefore the profits are shared amongst themselves. So that all of the employees mutually benefit. The recession has affected these buisnesses as well. But I hope that they will be able to remain solvent, and competitive in the current economic circumstances. This example also shows however that socialism can be built within the existing system. And that the workers can also benefit from the free market.

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