The Basque Country’s Mondragón Corporation is the globe’s largest industrial co-operative, with workers paying for the right to share in its profits – and its losses. In return for giving more to their employer, they expect more back.
The Basque Country’s Mondragón Corporation is the globe’s largest industrial co-operative, with workers paying for the right to share in its profits – and its losses. In return for giving more to their employer, they expect more back.
That’s corporate socialism, not communism. As someone who lives in the US, I don’t know anyone who would call that communism. #americabad I guess?
I live in a red state, it is common to call any collective action communism. It’s common historically for the right to call collective action or ownership communism.
I think the term they used is best: co-operative
You must have a very very very narrow group of people around you.
Corporate socialism? Honestly never heard that. Market Socialism is the form of socialism that seeks to have publicly-traded companies abolished and replaced by co-ops. Mixed with state owned companies in the case of natural monopolies and basic services (transport, electricity, education, health, etc).
Market Socialism is very much aligned with OG Marxism, so I see how red-scared people may call it communism.