Abstract
Worker cooperatives can be at least as efficient as privately owned, hierarchically managed firms. Testimony from workers in a number of worker-occupied companies in Buenos Aires reveals that cooperatives can compete in the short term by producing more for less expenditure on labor and in the long term by efficiently allocating money for the purchase of capital. This evidence challenges the rationale for highly unequal ownership of the means of production and the distribution of wages and opens possibilities for a reorganization of systems of production that achieves greater equity in the distribution of wealth.
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