How does Mondragon make money?

MONDRAGON’s Principles MONDRAGON is open to anyone who accepts our Principles. A one person, one vote system for election of the cooperative’s governing bodies and for deciding on the most important issues. Profit is allocated on the basis of the work contributed by each member in order to achieve this profit.

Is Mondragon successful?

Mondragón in the Spanish Basque Region is the largest cooperative in the world and one of the most successful companies in Spain.

Is Mondragon work managed?

Take the most advanced case: Mondragon. It’s worker-owned, it’s not worker managed, although the management does come from the workforce often, but it’s in a market system and they still exploit workers in South America, and they do things that are harmful to the society as a whole and they have no choice.

How is Mondragon doing?

Since its founding in 1956 by Father Jose Maria Arizmendiarrieta, Mondragon has become the world’s largest and most advanced cooperative economy. Today, it consists of 98 cooperatives with more than 80,000 employees in areas of finance, industry, retail, and knowledge development.

What is the largest worker cooperative?

Cooperative Home Care Associates (CHCA)
The largest worker cooperative in the United States is Cooperative Home Care Associates (CHCA), a home care agency with over 2,000 workers based in the Bronx, New York.

Why is the Basque Country rich?

Basque country has a unique tax system with fiscal autonomy from Madrid. CAF exports 77 percent of the trains it makes. That’s typical for Basque country. People here make up about 4.5 percent of Spain’s population, but they contribute nearly 10 percent of Spanish exports.

Do cooperatives make profit?

Cooperatives often define their profits as “surplus,” but more accurately surplus describes the net income that is generated by members, also known as worker-owners, whereas profit describes the net income that is generated by non-owner workers.

What is the biggest worker co-op?

Which country has the most worker coops?

Brazil Wins Title Of Most Cooperatives in the World Mayo believes it is “fitting” that Brazil ranks as the most cooperative nation on Earth. “The country has two and a half times as many member-owners of co-ops than it does shareholders in listed firms,” he said.