“Hippie Capitalism” In Richmond, California

May 30, 2012

Very interesting story at FastCompany.com, with information like this:

The Basque Country in Spain is home to the world’s most famous worker-owned co-op, the Mondragon Corporation, based in the town of Mondragon. The 55-year-old corporation includes some 250 smaller co-ops, with more than 80,000 employees, the vast majority of them members and owners themselves. Mondragon is today the seventh largest company in Spain, with its fingers in finance, retail, and manufacturing, and it has become a kind of Mecca for far-flung groups eager to learn how to create their own co-op businesses.

We love learning about things like that! We should send a correspondent there to do a story! …

Back to the story: The city of Richmond, California—”regularly ranked among the most dangerous cities in the country”—just north of Oakland an the Bay area, is trying to learn from groups like Mondragon to revitalize the city. And darn good luck to them, dang it!

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