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 think worker cooperatives have to be part of the solution. The way I see it is that state owned industry is responsible for handling common concerns such as infrastructure, energy production, education, healthcare, basic food production, and so on. These are things that everyone needs, and they should be done without a profit motive.
On the other hand, things that are nice to have can be handled by worker cooperatives. This is where you can have a regulated market economy akin to what we saw in Hungary with Goulash Communism.