Bankruptcy of Mondragon company demonstrates limits of cooperation under capitalism

Click here to access article by Pete Dolack from his blog Systemic Disorder.

The announcement that one of Mondragon’s companies is filing for bankruptcy isn’t a commentary on cooperatives, but it is a reminder that even the world’s largest cooperative enterprise is not immune to capitalist competition.

I occasionally meet people who almost fanatically think and argue that cooperatives are the answer to capitalism's global economic instability which has disastrous consequences for working people. Dolack explains that while cooperatives offer a better alternative to working in strictly profit-making enterprises, they can never enjoy complete security competing within a capitalist system against such enterprises.