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> Collective Ownership Growing
post Jul 13 2004, 10:57 AM [ Post #1 ]

Christopher Paige

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Citylimits.org http://www.citylimits.org/content/articles...iclenumber=1155 suggests that one remedy to unemployment is employee-owned firms.

The article reports that HALF of working age Black Men in New York City are unemployed.

This is not some bizarre, quixotic idea. Collective ownership is a growing phenomenon in the United States, and worker-owned firms are now an integral part of the American economic landscape. While a few of these are large, multi-plant corporations--such as Publix supermarkets in Florida--most are small entities. A classic example is Marland Mold, a plastic mold-making plant (very "old economy") in Pittsfield, Massachusetts, which was slated to be closed in the early 1990s by its multinational corporate owner. The town rallied to help the workers buy the plant, and it has been growing ever since. The local newspaper led the charge (its comments are the opening remarks in this essay). Nationwide, groups such as PolicyLink, the Grassroots Globalization Network, Institute for Community Economics, Industrial Cooperatives Association, and many others, offer technical assistance--and in some cases a revolving loan pool--to make these collectives possible.
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