Worker Cooperatives are more productive
Worrker Cooperatives Are More Productive Than Normal Companies
by Virginie Pérotin
Imagine an economy without bosses. It’s not a utopian vision but a growing daily reality for many enterprises. A close analysis of the performance of worker-owned cooperative firms—companies in which workers share in management and ownership—shows that, compared to standard top-down firms, co-ops can be a viable, even superior way of doing business.
The term “co-op” evokes images of collective farming or crunchy craft breweries. But Virginie Perotin of Leeds University Business School synthesized research on “labor-managed firms” in Western Europe, the United States and Latin America, and found that, aside from the holistic social benefits of worker autonomy, giving workers a direct stake in managing production enables a business to operate more effectively. On balance, Perotin concludes, “worker cooperatives are more productive than conventional businesses, with staff working ‘better and smarter’ and production organized more efficiently.”
more at link:
http://www.thenation.com/article/worker-cooperatives-are-more-productive-than-normal-companies/
About Virginie Pérotin:
Before joining Leeds University Business School in May 2001, Virginie Pérotin was a Senior Research Economist at the International Labour Office in Geneva (Switzerland). In the past, she has held research positions at the London School of Economics and the Centre d'Etude des Revenus et des Coûts (CERC), a research centre of the French Prime Minister's Office in Paris. Prof. Pérotin has also acted as a consultant to the World Bank, the OECD and the European Commission on issues of profit-sharing, employee ownership and employee involvement schemes.
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This is the way to save democracy from capitalism.
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