The Democratic Corporation: The New Worker Cooperative Statute in Massachusetts
32 Pages Posted: 27 Dec 2017 Last revised: 19 Sep 2019
Date Written: 1983
The worker cooperative corporation law recently enacted in Massachusetts presents a democratic corporate form new to American law. On a practical level, the law adopts the legal structure of the successful industrial cooperatives of Mondragon, Spain and adapts it to the American context. On a theoretical level, the law brings into the workplace two related normative principles which are absent in the conventional corporate form: the democratic principle of self-government and the principle of basing property acquisition on the fruits of one's labor.
Keywords: Massachusetts, worker cooperative, union
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