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.
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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.”
The reason basically that main interest of cooperatives is not growing but providing Jobs for members.
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Finding places to study this topic (maybe like online courses of the coursera type) is another topic I’d love to hear more about.
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Is this a new development or unintentional?