Worker Cooperatives Offer Democratic Alternative
Employee-owned businesses challenge traditional corporate hierarchy.
Worker cooperatives are experiencing growth as employees seek democratic workplace governance. These businesses are owned and controlled by workers who make decisions collectively.
Economic benefits include equitable profit distribution and job security. Workers share success directly rather than enriching distant shareholders.
Democratic decision-making means workers control workplace conditions, schedules, and policies. This autonomy improves job satisfaction and reduces alienation.
The model proves viable across industries from manufacturing to tech to services. Cooperatives compete successfully against traditional businesses while maintaining democratic structure.
Financing challenges persist as conventional lenders misunderstand cooperative structures. However, dedicated cooperative lending institutions and crowdfunding are addressing capital access.
