Economic Update: Success of NY Worker Coops

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On this week's show, Prof. Richard D. Wolff presents updates on the passage of CA Disclose Act; Monarch Airlines fails; Equifax, Yahoo, and Johnson & Johnson are untrustworthy US corporations, 2 Sisters Food Group is the same in UK, Washington sues big pharma corporations for contributing to opioid crisis; and socially destructive corporate behavior.

SPECIAL GUEST: Prof.  Richard D. Wolff welcomes Emma Yorra, Co-Director for cooperative development at The Center for Family Life, Emma has become a unique specialist in worker co-op development. To see the second half of this week's episode, sign up as a patron on Patreon.

https://youtu.be/4Va1tXNGEAE 


Showing 11 comments

  • commented 2017-10-28 08:55:28 -0400
    Dear John Horner,
    If you would like some evidence of the successes of worker cooperatives, read the paper “What do we really know about worker cooperatives” by Virginie Pérotin of Leeds University. The paper states:
    “…data show that workers’ co-operatives are actually larger than conventional firms on average, are not necessarily undercapitalised and can be found in most industries. International studies also find that worker co-operatives invest at least as much as conventional firms, probably preserve jobs and survive better, and are at least as productive. The paper argues that we should revise our “stylised facts” about worker cooperatives and examine more closely very successful experiences like those of Italian and Spanish worker cooperatives.”

    Happy readings
  • commented 2017-10-27 03:21:12 -0400
    John Horner If you listen to previous recording or research yourself successful cooperatives. For example, Mondragon. It employs 120 000 people when having 80 000 employers/owners. Was created in the beginning of 1950th. But there are a big sector of the cooperative economy in other countries. There was research done about them. The researcher found that workers cooperatives in average grow slower then capitalist companies, but last much longer.
    The reason basically that main interest of cooperatives is not growing but providing Jobs for members.
  • commented 2017-10-26 16:33:15 -0400
    What is your evidence that employee owned and run businesses have a better track record of avoiding selling products and services than partnerships, single owner, and incorporated businesses?
  • commented 2017-10-25 23:38:30 -0400
    @xenophrenia: The full hour video is also available for free viewing on television via FreeSpeechTV (Nationwide), MNN (New York City) or BCM (Berkeley, CA). We also offer the show for free to community and public access stations, so we encourage viewers to reach out to their local public access stations and request they add Economic Update to their programming.

    These changes were made to help fund the staff and additional workers needed to maintain production of the show. Thank for you for your understanding.
  • commented 2017-10-25 14:47:56 -0400
    I would rather have you take ads than screw me out of half the show … btw
  • commented 2017-10-25 14:45:47 -0400
    @Kevin_Newman – NO – the show has NOT always been split …screw those of us that can’t afford a Patreon account while bragging that they don’t do ads because that’s more important … oh and the peasants can just get the audio because they don’t deserve video … 2 months ago they decided we don’t deserve this https://www.youtube.com/watch?v=_OoDv_Oe5Go
  • commented 2017-10-25 12:50:05 -0400
    One problem I’ve had as someone who would like to be a part of (or even start) a worker owned co-op, is finding partners – others who are interested in starting this. Part of that is my location, in rural upstate NY. It’d be great if you could cover ways to find parters, and find others in any given industry who are looking to start and/or join co-ops in one of your pod casts.

    Finding places to study this topic (maybe like online courses of the coursera type) is another topic I’d love to hear more about.
  • commented 2017-10-25 12:34:31 -0400
    @Tom A – the youtube stream has always been split that way, afaict. The podcast audio still provides the full episode.
  • commented 2017-10-24 22:23:18 -0400
    Tom A it is the only video, audio under it is same and does not require a subscription.
  • commented 2017-10-24 12:18:56 -0400
    “This content requires a premium subscription.
    Please log in or subscribe to continue.”

    Is this a new development or unintentional?
  • commented 2017-10-23 07:07:52 -0400
    I would be most interested in a review or interview of A World Of 3 Zeros, by Dr. Yunus. His approach is a fresh vision to be considered.
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