TED: When workers own companies, the economy is more resilient | Niki Okuk

The video discusses the speaker's journey from a capitalist business owner to an advocate for cooperative economics. It highlights the role of white privilege in business success and the potential of worker ownership as a tool for economic liberation. The speaker shares examples of successful worker-owned businesses and emphasizes the importance of unions in supporting these models. The vision for a cooperative economy is inspired by Mondragon, Spain, and calls for collective action to build a more just and sustainable economy.

What is the speaker's main critique of capitalism?

• It promotes individual wealth.

• It exploits workers for the benefit of capitalists.

• It encourages innovation.

• It supports small businesses.

How did the speaker leverage white privilege in their business journey?

• By receiving a government grant.

• By having access to a safe and free place to live.

• By partnering with a celebrity.

• By inheriting a family business.

What is the main theme of the book 'Collective Courage' mentioned by the speaker?

• The success of African American businesses through cooperative efforts.

• The importance of individual entrepreneurship.

• The impact of technology on business.

• The role of government in business.

What is a key benefit of worker ownership according to the speaker?

• Increased job security and benefits for workers.

• Higher profits for CEOs.

• More government support.

• Faster business growth.

What is LUCI's main objective?

• To create more chain stores.

• To promote individual entrepreneurship.

• To establish more worker-owned businesses.

• To increase government regulations.

What role do unions play in the worker-ownership movement?

• They prioritize profit over people.

• They focus on individual entrepreneurship.

• They oppose worker ownership.

• They provide financial and political support.

What is the vision for Mondragon, Spain, as mentioned by the speaker?

• A community led by government officials.

• A community dependent on foreign investments.

• A community with a focus on individual businesses.

• A community built around worker cooperatives.

What is the speaker's call to action for union members?

• To oppose cooperative models.

• To increase union dues.

• To support worker-ownership initiatives.

• To focus on individual success.

What should entrepreneurs do to support the cooperative model?

• Avoid community collaboration.

• Link up with organizations like LUCI.

• Partner with large corporations.

• Focus on maximizing profits.

What is the speaker's message to politicians regarding worker-owned businesses?

• To prioritize large corporations.

• To reduce funding for cooperatives.

• To focus on traditional business models.

• To pass legislation supporting worker-owned businesses.