Monday, October 24, 2022

Mondragon and Socialism

To me it seems silly for a socialist to cite Mondragon. When Mondragon partners vote they do not primarily have the good of society in mind but their own good. They do not hire all the worst workers just because they are earning below 50% of median Spanish Basque income, they hire good workers and contributors.

They are like unions/mercantilists; they would not balk at decreasing supply to increase their own income.  
They are  just as voters in that regard, voters are not always on the side of what is right and just. Take homeowners in San Francisco who think driving a few marginal people into homelessness is an acceptable price to pay to retain the character of their neighborhoods and keep their home values rising. Unions keep their income up and often become exclusive to the point where a job seeker needs pull to get a union job. Business owners will do the same when they have a chance, I'm sure that real-estate companies mainly in the business of owning rental properties vote with home owners to restrict building but they are few and they are counterbalanced by builders who want to build more. It is diversity that is a big benefit of economic freedom. 

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