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What's up with employee-owned companies/co-ops? How does it compare to a strong union? (lemmy.ml)

submitted 3 days ago by [email protected] to c/[email protected]

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I'm interested in leftist opinions of employee-owned companies. If that's still too broad, could you give some examples of employees buying their employer out? Or are there other ways, like with a union?

Also, what's up with King Arthur's and Bob's Red Mill?

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[–] BCsven 36 points 3 days ago* (last edited 3 days ago) (8 children)

With a Union you still have an adversarial owner who makes company decisions. Coop stuff is voted on by the coop owners, direction of profit is determined by coop mandate.

Eg, we are with a Credit Union for banking, we vote on new policy changes that affect members investments.

For MEC (mountain equipment company) it is coop, we voted who gets to be a board member running the company.

[–] [email protected] 4 points 3 days ago

Found the Canadian

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