are worker's co-ops socialism? no but I still think their neat so here are some sources
Coops are effective, but cannot in themselves facilitate a transition to socialism’
Mondragon Cooperative Corporation, the world’s largest coop, has restructured to move its practices more in line with those of a traditional privately-owned corporation of a similar size.
Coops have been shown multilaterally to be more resilient and less likely to fail than traditionally-operated businesses, but coops also face unique barriers to entry which might be mitigated through the transformation of existing enterprises into worker’s coops.
Excellent article which highlights the value and challenges of coops.
Cute lil explanation of cooperatives
Massive Norwegian cooperative, 1.3 million members over 117 local branches.
Different types of coops - ‘Worker Coop’ is our interest
Massive Norwegian cooperative building association - 435,000 members
Excellent Richard Wolff write-up on worker coops.
Another Richard Wolff article, discussing social, political and economic barriers to forming workers’ coops.
Economic analysis of capitalist firms vs worker cooperatives in Uruguay from 1996-2005
Concludes that increases in profit correspond to increases in wages for both capitalist firms and workers cooperatives, though much more so for coops.
Concludes that employment in coops is more resistant to price shocks
Concludes that employment has a negative correlation with wages for capitalist firms and a positive correlation with wages in worker coops
Complex study, warrants more analysis
Cute think piece on the value of worker coops
Worker participation in management seems to increase technical efficiency.
((ARTICLE IS FROM 1987))