From Big Think:
Another system that takes these ideas even further is workplace democracy in the form of cooperatives. When done by the workers these are known as worker-cooperatives. In such an enterprise, the workers are both owners and employees. Business operations are carried out democratically, and profits shared according to what the workers think is just. Before you start thinking that only small operations could run like this, consider that the Mondragon Corporation in Spain is a cooperative with 75,000 members that brings in €10 billion a year. Studies suggest that worker cooperatives also enjoy higher productivity than other firms, have lower rates of failure, and leads to higher employee satisfaction. A variety of other experiments and studies agree and show that treating people like, well, people is good for business.
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