Can Worker-Owned Cooperatives Compete?
John Duda, Communications Director for the Democracy Collaborative and co-founder of Red Emma’s, a worker-owned coffee shop in Baltimore, joins Sheilah Kast and Andrea Appleton of Baltimore’s WYPR Radio to discuss worker ownership in today’s economy.
The Great Recession fueled new interest in worker-owned cooperatives, in which employees double as business owners. Though rare, worker-owned co-ops are on the rise. Advocates say when employees are in control, workers benefit and businesses are more stable. But worker co-ops have to function in a capitalist world. Can they really compete?