Mondragon's Cooperatives And The Legacy of Catholic Priest José María Arizmendiarrieta

The Mondragon Cooperatives is an organization of all the firms in the Mondragon area; the firms are entirely employee-owned and have no shareholders. The cooperative represents an interesting phenomenon in economics because it is an economic model that adheres to a radically different set of rules than the capitalist model that dominates the global economy. If the Mondragon Cooperatives turns out to be a successful operation, it could spell a change in the way businesses are owned and operated in the world.