RIP Philo

Labor-run firms

Labor-run firms are common in law, book agency, real estate, landscaping, and many other sectors; we even see them in airlines.  When labor in charge creates more value, labor starts its own firms or buys out the capitalist or buys greater control rights.  Growing capital markets make these evolutions easier all the time.  Cooperatives, which are governed by consumers, also are found.  Mutuals, non-profits, and yes unionized firms are common too.  I heart all of these organizational forms.  Keep in mind that if both workers and customers will be better off, yes it probably can happen; it is naive to think that liquidity problems are the major issues preventing workers from enjoying greater control rights.
Permalink bob 
March 9th, 2007 12:25pm

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