‘Worker Cooperatives’ Global Importance Today
Worker cooperatives are gaining increasing importance in the present global situation due to their potential to address economic, social, and environmental challenges. Here are some key reasons why they matter today:
1. Economic Resilience & Democratic Ownership
Worker cooperatives distribute ownership and decision-making power among employees, reducing wealth inequality.
They tend to be more stable during economic crises because workers have a vested interest in the company’s long-term success rather than short-term profit maximization.
Studies show cooperatives have lower failure rates compared to traditional businesses.
2. Fair Wages & Reduced Exploitation
Workers in cooperatives often earn better wages and benefits since profits are shared equitably.
The...
