Commons Capitalism Entities and Workers’ Cooperatives: Working Together for a Better Society
Reference code: C25-01 Economist Richard Wolff has proposed replacing traditional corporations with workers’ cooperatives (“coops” for short). More specifically, he advocates for Workers’ Self-Directed Enterprises (WSDEs). These organizations aim to distribute wealth, particularly net profits, across a broader economic class of worker-owners, thereby reducing the concentration of capital among a small group of individuals. These […]
Origin
ORIGIN Origin of Commons Capitalism I first developed the idea of a business organization (later called a commons capitalism entity or CCE), while trying to envision a “better mousetrap” than capitalism. The foundation question was, “How could a company hold the means of production and distribute net profits to workers as higher wages and social […]