Mondragon

The Mondragon Corporation is a federation of worker cooperatives based in the Basque region of Spain. Founded in 1956 by a group of local workers under the guidance of a Catholic priest, Mondragon has grown into one of the largest cooperative networks in the world. The corporation operates in various sectors, including manufacturing, finance, and retail, with a focus on creating jobs, promoting social welfare, and ensuring that profits are reinvested in the community. Mondragon is often cited as a successful example of an alternative economic model where workers have a direct stake in the businesses they run.

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