Could co-operatives inspire a better economy?
The Mondragon federation of co-operatives has been the foundation of the economy in Spain’s Basque country for decades. It was founded back in 1956 by a priest – José María Arizmendiarrieta – who believed that the best response to the hostility and neglect of the region by the fascist dictator Franco was to develop co-operatives that relied on mutual self-help and independence. Today there are 96 co-operatives which are members of the federation, employing more than 81,000 people. The federation includes manufacturing businesses, financial institutions, retailers and …
