We Can Do Better Than Capitalism

Americans in all walks of life are creating companies with business models driven by social purpose, not just their own pocketbook priorities.

In the U.S., for example, 64,000 companies are structured as “cooperatives” set up to benefit workers, members, consumers, and the broader society.

In early 1993, for example, I interviewed one such “cooperator,” Florinda DeLeon, who just a few years earlier had been a single parent raising three children in the Bronx on welfare benefits. Then, her life changed radically: DeLeon became one of 170 co-owners of a then-new cooperative called Community Home Care Associates. Soon thereafter, she enjoyed decent pay, health benefits, and paid vacation.

“Being a worker-owner means we decide what’s best for us,” she told me.

Read the rest at YES! Magazine

 

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