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1worker1vote.org and Mondragon International North America are building a national network of unionized worker-owned cooperative businesses to overcome inequality of opportunity, mobility, and income.

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Shareholder capitalism vs. stakeholder capitalism | The Washington Post

Harold Meyerson writes in this Washington Post op-ed: Shareholder capitalism in the United States has reached the point of absurdity. More than three decades ago, economist Milton Friedman argued that a company’s sole obligation should be to its shareholders. But even Friedman didn’t argue that companies should cut back on everything else or plunge themselves deep into debt just to…

Immanuel Ness: Advocating for Worker Cooperatives | GritTV

From GritTV: Immanuel Ness, a Brooklyn college professor and co-author of Ours to Master, And to Own: Workers’ Control from the Commune to the Present, joins us to discuss Tony Benn’s legacy in promoting worker occupations and worker cooperatives, and how these ideas are manifesting themselves today. “This is revolutionary if people can conceive the fact that these coops can…

When Shareholder Capitalism Came to Town | The American Prospect

Steven Pearlstein writes: “The rise in inequality can be blamed on the shift from managerial to shareholder capitalism.” It was only 20 years ago that the world was in the thrall of American-style capitalism. Not only had it vanquished communism, but it was widening its lead over Japan Inc. and European-style socialism. America’s companies were widely viewed as the most…

Cities Advance Their Fight Against Rising Inequality | The New York Times

Annie Lowrey writes about efforts in Seattle, New York City, Atlanta, Boston, San Francisco and Los Angeles to tackle inequality. “The accumulation of 30 years of rising income inequality is finally having its impact,” said Mayor Ed Murray, sitting in his glass-walled office overlooking Puget Sound. “People can’t afford to live a decent life.” Read the article in The New…

Democrats are making income inequality worse | Washington Post

George Will argues in The Washington Post: In this sixth year of near-zero interest rates, the government’s monetary policy breeds inequality. Low rates are intended to drive liquidity into the stock market in search of higher yields. The resulting boom in equity markets — up 30 percent last year alone — has primarily benefited the 10 percent who own 80 percent…

GRITtv Coverage of NYC Council Meeting on Co-ops

GRITtv with Laura Flanders ran exclusive interviews with Councilmember Maria Arroyo, Chris Michael of the NYC Network of Worker Co-ops and Miquela Craytor of the NYCEDC following the New York City Council meeting on cooperative businesses. Watch all three: Maria del Carmen Arroyo – “Worker Co-ops to Combat Poverty” Chris Michael – “Building Democracy in the Workplace” Miquela Craytor – “Economic…

Why The New American Workforce Wants Better Consumption, Not Just More | Fast Company

The Freelancers Union’s Sara Horowitz wrote about the Quiet Revolution in Fast Company: Conscious consumers are creating a new mutual class, turning the made-in-China economy to a DIY state of mind. They may not be marching in the streets or staging protests, but consumers are increasingly and actively changing the economic landscape with every dollar they consciously spend–or purposefully save.…

Robert Reich: WhatsApp is everything wrong with the U.S. economy | Salon.com

If you ever wonder what’s fueling America’s staggering inequality, ponder Facebook’s acquisition of the mobile messaging company WhatsApp. According to news reports today, Facebook has agreed to buy WhatsApp for $19 billion. That’s the highest price paid for a start-up in history. It’s $3 billion more than Facebook raised when it was first listed, and more than twice what Microsoft…

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