My region is home to the world’s largest worker cooperative, Mondragon Corporation. Do you think worker cooperatives are useful to us? Why aren’t they more widespread? Could their growth be facilitated by new technologies like the Internet or Blockchain?
I was just wondering, what if a (relatively large) bunch of socialists just decided to accumulate capital as fast as humanly possible by volunteering some of their time at a collectively owned corporation? At some point capitalist firms in a few small markets would not be able to compete, so the socialist corporation could gradually transition into a regular worker cooperative and start attracting staff with wages. Eventually the cooperative would grow so large that it would wipe out some of its competition and carve a stable niche, with the added benefit that it would be controlled by socialists. Finally, as the vanguard party starts a revolution, this cooperative would economically support it, and would eventually become a de iure government-owned company.
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