Join Carl on his fourth day of the tour of the Mondragon Cooperative Corporation to hear about how credit and higher education function in the MCC.
Most new small businesses fail. That's a fact, whether they are in the Basque Country or in the U.S. Or anywhere else, Yet the Mondragon Coops, which all started as small worker-owned businesses, have hardly ever failed. Why? The key is in Father Jose Maria Arizmendi's original founding conception of cooperatives as the interlocking of school, factory and credit union.You can also access Day 1 (my commentary included), Day 2, Day 3.