Worker coops are certainly less exploitative than standard businesses, but compared to public ownership and coordination retains a lot of the limits of market-based systems. I think cooperatives can serve as a good section of a growing and developing economy, but in all likelihood will need to be phased out as competition dies out and public planning becomes more efficient.
Worker coops are certainly less exploitative than standard businesses, but compared to public ownership and coordination retains a lot of the limits of market-based systems. I think cooperatives can serve as a good section of a growing and developing economy, but in all likelihood will need to be phased out as competition dies out and public planning becomes more efficient.