Chapter
The Benefits and Downfalls of Cooperative Firms
59:25 - 1:08:06 (08:40)
The speaker discusses the advantages and disadvantages of cooperative firms. While workers may be more productive in these firms, the lack of ability to fire people quickly may hinder the firm's competitiveness in the market.
Clips
The ability to find a labor pool and pay people less than traditional firms, and the productive relationship between workers and managers are some of the benefits of cooperative firms.
59:25 - 1:08:06 (08:40)
Cooperative Firms
Summary
The ability to find a labor pool and pay people less than traditional firms, and the productive relationship between workers and managers are some of the benefits of cooperative firms. However, the lack of an efficient way to fire unproductive workers can limit their growth and competitiveness with capitalist firms without unions.