Cooperative Economics and Worker Ownership

The video discusses the importance of cooperative economics, focusing on worker ownership as a means to build wealth and sustainable businesses. It highlights a successful example in South Bronx, where a worker-owned company, founded by black and Latinx home care workers, thrives without big investors or CEOs. These workers benefit from living wages, full-time hours, and profit-sharing dividends. The video concludes by emphasizing the potential of worker ownership as an alternative to exploitative economic systems.

What is proposed as a solution to build the types of businesses we want?

• Venture capital

• Cooperative economics

• Government funding

• Crowdfunding

What type of ownership is being discussed in the context of cooperative economics?

• Shareholder ownership

• Private ownership

• Government ownership

• Worker ownership

Where is the country's largest worker-owned company located?

• Brooklyn

• Queens

• Manhattan

• South Bronx

Who founded the largest worker-owned company in South Bronx?

• Tech entrepreneurs

• Corporate investors

• Black and Latinx home care workers

• Government officials

What do the women owners receive annually if the company is profitable?

• A salary increase

• A government grant

• A dividend

• A tax rebate

What is notably absent in the worker-owned company model discussed?

• Big investors and absentee owners

• Full-time hours

• Living wages

• Employee benefits