WEBVTT - How Worker Co-ops Work

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<v Speaker 1>Welcome to Stuff you Should Know, a production of iHeartRadio.

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<v Speaker 2>Hey, and welcome to the podcast. I'm Josh, and there's

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<v Speaker 2>Chuck and Jerry's here too, and this is stuff you

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<v Speaker 2>should know. And it turns out that this is the

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<v Speaker 2>stuff you should know about worker cooperatives, but you might

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<v Speaker 2>be more familiar with as co ops, not coops. That's

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<v Speaker 2>why they put the hyphen in there, because it can

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<v Speaker 2>get pretty confusing.

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<v Speaker 1>Yeah.

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<v Speaker 3>In fact, I went back when I titled this episode

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<v Speaker 3>for Jerry and added that hyphen because Jerry would say,

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<v Speaker 3>what is this think about coops?

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<v Speaker 2>Yep, yep, And I'm sure Aaron Cooper's like, oh, but

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<v Speaker 2>don't get your hopes up, Aaron, We're not talking about you. Wait,

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<v Speaker 2>we just did it. Spinally happened. So Chuck, just let

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<v Speaker 2>me lay the scene here for a second. Okay, Because

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<v Speaker 2>co ops, especially for those of us in the United States,

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<v Speaker 2>they are like I can think of one, and that

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<v Speaker 2>is in Atlanta, and it is called Sevenanda, and it

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<v Speaker 2>is one of the few vegetarian grocery stores in the

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<v Speaker 2>entire country. That's my experience with a co op, right.

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<v Speaker 1>Yeah, Sevenonda legendary store.

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<v Speaker 2>It is, and it's great. A great, great grocery store.

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<v Speaker 2>So they're kind of like this almost like fringe thing,

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<v Speaker 2>especially in the US, and you know basically everywhere they're

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<v Speaker 2>not really mainstream. But there was a time where there

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<v Speaker 2>are people who are like, this is the way to go,

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<v Speaker 2>this is how industry should develop. And it all just

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<v Speaker 2>like most things that have to do with labor and capital,

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<v Speaker 2>stemmed from the industrial revolution and it was a path

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<v Speaker 2>that people that we could have taken, and we so

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<v Speaker 2>took the capitalist route that it's we don't even question

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<v Speaker 2>the idea that people with money buy a mill and

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<v Speaker 2>all the equipment, and they hire you and put you

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<v Speaker 2>to work, and in return for your work, they give

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<v Speaker 2>you a wage and they manage things and they say

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<v Speaker 2>go do this, do that faster, stop doing that, and

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<v Speaker 2>do this instead. And again we just don't even question

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<v Speaker 2>it because it's so normal. But there's an alternative worker

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<v Speaker 2>cooperatives that it's just a different way of doing things,

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<v Speaker 2>and the idea that it could have been the way

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<v Speaker 2>things win is really surprising and interesting.

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<v Speaker 3>Yeah, well you forgot the last part of that little descriptor,

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<v Speaker 3>which is they get the money the profit from that

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<v Speaker 3>said business because they're the owners.

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<v Speaker 2>Yeah, that's true. Yeah, and we don't really question that,

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<v Speaker 2>although that's a little more easily questioned, you know.

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<v Speaker 3>Yeah, but you know that pushed co ops now in

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<v Speaker 3>the United States to this fringe area where you might

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<v Speaker 3>have a you know, you kind of look at them

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<v Speaker 3>as or at least I do, as like these little

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<v Speaker 3>hippie operations, sure like Sevenanda, like this little vegetarian grocery

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<v Speaker 3>store that has been in little five Points since I mean,

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<v Speaker 3>it's got to be since the seventies, don't.

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<v Speaker 2>You think it sure seems that way.

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<v Speaker 1>Yes, yeah, I.

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<v Speaker 3>Mean some of the stuff on the shelves looks like

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<v Speaker 3>it's been there since the seventies.

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<v Speaker 2>For sure. It's definitely got that well lived in feel

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<v Speaker 2>for sure.

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<v Speaker 3>Yeah, it's great, but that yeah, it's a fringe thing

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<v Speaker 3>for the United States. And I guess we could go

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<v Speaker 3>back in time a little bit and talk about where

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<v Speaker 3>these were this idea was.

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<v Speaker 1>Sort of born. And I know we've talked about Owenism before,

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<v Speaker 1>haven't we.

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<v Speaker 2>I don't know if we've talked about Owenism, but we've

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<v Speaker 2>definitely talked about the Chartists. But I mean, we've talked

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<v Speaker 2>about so many utopian societies from the nineteenth century who

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<v Speaker 2>can keep track.

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<v Speaker 3>Yeah, I guess you're right, or maybe I'm thinking of

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<v Speaker 3>I don't know, one of those other ones. But yeah,

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<v Speaker 3>this was a utopian sort of philosophy. Owenism named after

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<v Speaker 3>a guy named Owen, Robert Owen. He was a Welsh

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<v Speaker 3>mill owner and he had this vision that you were

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<v Speaker 3>kind of talking about, like, hey, it's it's early on,

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<v Speaker 3>it's in eighteen twenty five, and there's a way forward

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<v Speaker 3>that could be great for everyone. He tried this out

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<v Speaker 3>in New Harmony, Indiana, like I said, in eighteen twenty five,

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<v Speaker 3>for the first time.

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<v Speaker 2>Yeah, it didn't really live very long. New Harmony, Indiana

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<v Speaker 2>is still there. It's not a utopian society any long ago,

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<v Speaker 2>though it looks like a nice town based on its website.

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<v Speaker 2>But his whole idea was like what happens if everybody

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<v Speaker 2>kind of takes care of everybody else in this again mill.

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<v Speaker 2>I think he was a mill owner to where like

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<v Speaker 2>your children are schooled and fed, and you have opportunities

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<v Speaker 2>for education outside of your work, and he found that

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<v Speaker 2>productivity goes through the roof in those situations. So that

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<v Speaker 2>was it wasn't like this is the first worker cooperative. Yeah,

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<v Speaker 2>he helped lay the groundwork for this, and he inspired

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<v Speaker 2>a lot of other people through Owenism, both in the

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<v Speaker 2>United States and the UK.

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<v Speaker 1>Yeah, sure, sure. I don't know if they were using

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<v Speaker 1>the S word back then.

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<v Speaker 3>I don't know how much we're going to use the

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<v Speaker 3>S word, but it's impossible to, I think, not use

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<v Speaker 3>the word socialism at some point when talking about at

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<v Speaker 3>least some of these early ideas, because they were very

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<v Speaker 3>much sort of socialist ideas of let's take like you said,

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<v Speaker 3>let's take care of everyone, let's have all boats rise

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<v Speaker 3>and everyone chip in, sort of in a hippie commune

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<v Speaker 3>kind of way.

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<v Speaker 2>Initially, Yeah, and I was I was thinking about that.

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<v Speaker 2>I read something that was basically like, this is socialism

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<v Speaker 2>in its purest form. It's not like a planned central

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<v Speaker 2>government or planned society. It's more just like, hey, let's

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<v Speaker 2>all take care of each other, let's all contribute, let's

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<v Speaker 2>all benefit. That's about the extent of it. And I

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<v Speaker 2>was thinking about socialism too, the way that you just

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<v Speaker 2>basically danced around it like we do in the United

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<v Speaker 2>States here. If you're trying to explain something to somebody

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<v Speaker 2>that has like socialist tinge to hers, socialist in nature.

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<v Speaker 2>Look you can't, yeah, exactly, like you can't use that word.

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<v Speaker 2>And it occurred to me that like it's just basically approached,

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<v Speaker 2>like it's a brand. You got socialism, you got capitalism, right,

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<v Speaker 2>and when you if you buy into socialism, it's like

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<v Speaker 2>you're buying a kit, and here's your socialist society, right, Like,

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<v Speaker 2>like you can't just kind of pick and choose what

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<v Speaker 2>makes sense, and you don't have to go all socialism.

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<v Speaker 2>You don't have to go all capitalism. You can take

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<v Speaker 2>the best of everything and put it together if you

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<v Speaker 2>want to.

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<v Speaker 1>Yeah, you know.

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<v Speaker 3>Yeah, here's your socialist get here's here's mediocre everything. Just

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<v Speaker 3>open it up and enjoy your mediocre life with mediocre things,

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<v Speaker 3>because nothing is awesome because capitalists aren't in charge of

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<v Speaker 3>making things perfect or great. Right, all right, So we

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<v Speaker 3>talked briefly about Robert Owen with this short lived sort

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<v Speaker 3>of hippie commune and New Harmony, and you mentioned that

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<v Speaker 3>that inspired people and at least uh, you know, overseas

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<v Speaker 3>and you know in England and here in America, but

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<v Speaker 3>their real cooperative. A lot of people talk about the

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<v Speaker 3>Rochdale Pioneers, which is near Manchester, Roachdale is, and they

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<v Speaker 3>were flannel makers.

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<v Speaker 1>They wove flannel.

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<v Speaker 3>It was a big seed of flannel manufacturing for like

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<v Speaker 3>hundreds of years. And they started staging the workers there,

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<v Speaker 3>started staging strikes kind of when industrialization hit, because you

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<v Speaker 3>mentioned that the beginnings of co ops were kind of

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<v Speaker 3>lockstep with the beginnings of the industrial revolution.

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<v Speaker 2>Yes, for sure, because there was this idea that like, okay,

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<v Speaker 2>you like, you don't have to submit yourself to wage labor.

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<v Speaker 2>Your work is valuable. You should own your own work

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<v Speaker 2>and lease it out as you see fit. That was

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<v Speaker 2>kind of the way that they were thinking. And so

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<v Speaker 2>the weavers ended up forming I think sixty of them

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<v Speaker 2>got together and formed the Rochdale Friendly Cooperative Society. And

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<v Speaker 2>I'm sure, just based on experience, we're mispronouncing. It's probably

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<v Speaker 2>like Rideau right in the UK, but it's spelled Rochdal. Yeah.

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<v Speaker 2>And it was a retail store, right. It was basically

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<v Speaker 2>you could get flour and butter and all this stuff.

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<v Speaker 2>And this is where the basis of cooperatives come from.

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<v Speaker 2>This is the first co op store that existed in

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<v Speaker 2>the world. And the whole idea was you got all

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<v Speaker 2>these people who make this stuff coming together selling it,

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<v Speaker 2>dividing the fruits of their labor up evenly, and then

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<v Speaker 2>taking the profits and like reinvesting it and making this

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<v Speaker 2>business better. But rather than one rich person, you have

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<v Speaker 2>a bunch of non rich people who can conceivably come

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<v Speaker 2>up with the same amount of money as a rich person.

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<v Speaker 2>And if you do that, all of a sudden, you

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<v Speaker 2>own the factory and it's just divided equally among all

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<v Speaker 2>the people who put in for it and are working

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<v Speaker 2>for it. That's where that's the basis of all co ops.

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<v Speaker 3>Yeah, this one, the Friendly Cooperative Society didn't last long.

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<v Speaker 3>That store was just a couple of years. I think

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<v Speaker 3>it was eighteen thirty when it opened. And about fourteen

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<v Speaker 3>years later they got together and they tried it again.

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<v Speaker 3>There were some people from that original society. They got

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<v Speaker 3>together with other people who were you know, unemployed or

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<v Speaker 3>facing poverty or hungry. So some of those owenites and

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<v Speaker 3>they said, hey, let's let's give this another go. And

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<v Speaker 3>this time it was called the Ruschdale Society of Equitable Pioneers.

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<v Speaker 1>And they had to And you'll see that.

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<v Speaker 3>This is kind of a it's not always because all

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<v Speaker 3>co ops, you know, operate in their own way, but

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<v Speaker 3>they had to pay to be a part of it,

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<v Speaker 3>so everybody chips in a little bit of money. In

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<v Speaker 3>this case for the Society of Equable Pioneers, it was

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<v Speaker 3>just one pound each. And they got it going and said, hey,

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<v Speaker 3>we're going to do the kind of the same thing.

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<v Speaker 3>We're going to have like a kind of like a

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<v Speaker 3>general store basically, and we'll use the profits from that

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<v Speaker 3>to build housing for people who are members of the

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<v Speaker 3>co op, and we can buy up some land and

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<v Speaker 3>if you're not, if you are a co op member

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<v Speaker 3>and you're not working, you could like farm there and

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<v Speaker 3>grow crops for everybody.

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<v Speaker 1>And it was very much in that Owenite model.

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<v Speaker 2>Yeah, so they went from just being a co op

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<v Speaker 2>store to trying to get a whole utopian community formed,

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<v Speaker 2>and again that didn't go very far. I don't know

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<v Speaker 2>that there is any utopian community that's still around today.

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<v Speaker 2>They don't seem to last very long. Maybe there's no

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<v Speaker 2>such thing as utopia. Yeah, but that store model became

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<v Speaker 2>like just what all co ops were based on after that,

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<v Speaker 2>and in fact, the Rochdale Pioneers Cooperative store mushroomed into

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<v Speaker 2>what's now called today the Cooperative Group, which is a

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<v Speaker 2>multi billion pound operation. A bunch of different co ops

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<v Speaker 2>and a bunch of different sectors that are all part

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<v Speaker 2>of this larger co op. The Cooperative Group in the

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<v Speaker 2>UK that it grew from the Rochdale Pioneers, not like

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<v Speaker 2>inspired from it. I believe it actually grew from that, actually.

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<v Speaker 3>I think so, yeah group, Yeah, yeah, And you know,

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<v Speaker 3>you'll see that as a common thing too. Where the

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<v Speaker 3>largest co ops in the world, and we'll talk about

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<v Speaker 3>some later on in Spain and India are groups of

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<v Speaker 3>co ops that have formed larger co ops because the

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<v Speaker 3>whole idea is that you know, there's a lot more

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<v Speaker 3>you can get done with a lot more people, obviously.

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<v Speaker 2>Yeah, or a lot more companies. Like the different companies

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<v Speaker 2>can stand in for different individual workers, you know, I

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<v Speaker 2>think it's neat.

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<v Speaker 3>So in the United States, it was really post Civil

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<v Speaker 3>War when things started to boom, and in particular Black

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<v Speaker 3>Americans after the Civil War were the ones who kind

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<v Speaker 3>of got this idea going because they were obviously, you know,

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<v Speaker 3>post Civil War, having a hard time with wide owned

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<v Speaker 3>businesses being treated poorly obviously, and they're like, well, why

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<v Speaker 3>don't we get our own thing going? And one of

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<v Speaker 3>the places that one of the earlier ones started in

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<v Speaker 3>Baltimore when black trade unionists, they were led by a

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<v Speaker 3>guy named Isaac Myers, founded what was called the Colored

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<v Speaker 3>Calkers Trade Union Society.

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<v Speaker 2>Yeah. Calkers were the people who worked in shipyards that

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<v Speaker 2>waterproof the ships, make sure they didn't leak, right, And

0:12:12.600 --> 0:12:18.160
<v Speaker 2>it was traditionally a black dominated profession, but black people

0:12:18.200 --> 0:12:22.240
<v Speaker 2>were starting to get edged out in shipyards. So this

0:12:22.440 --> 0:12:25.560
<v Speaker 2>Colored Calkers Trade Union Society just decided to buy a

0:12:25.600 --> 0:12:29.560
<v Speaker 2>shipyard themselves so that they could employ black calkers, and

0:12:29.600 --> 0:12:34.040
<v Speaker 2>they did exactly that. They also bought railways and just

0:12:34.200 --> 0:12:39.200
<v Speaker 2>started founding this huge, essentially cooperative empire of black workers

0:12:39.440 --> 0:12:41.360
<v Speaker 2>and artisans. Yeah.

0:12:41.440 --> 0:12:44.439
<v Speaker 3>I think they're also the ones who coined the contractors

0:12:44.520 --> 0:12:46.720
<v Speaker 3>term calk and paint will make it what it ain't.

0:12:47.960 --> 0:12:49.080
<v Speaker 2>I've not heard that one.

0:12:49.400 --> 0:12:50.360
<v Speaker 1>Have you never heard that?

0:12:50.840 --> 0:12:52.000
<v Speaker 2>No? Did you make it up?

0:12:52.360 --> 0:12:54.240
<v Speaker 1>Oh? No, no, No, that's really Yeah.

0:12:54.440 --> 0:12:58.480
<v Speaker 3>There's two contractor terms that basically mean you're getting kind

0:12:58.480 --> 0:13:01.360
<v Speaker 3>of shoddy work, right, calkin pain, I'll make it what

0:13:01.400 --> 0:13:04.720
<v Speaker 3>it ain't. And my favorite one, which is I can't

0:13:04.720 --> 0:13:05.640
<v Speaker 3>see it from my house.

0:13:06.679 --> 0:13:08.440
<v Speaker 2>Oh that's an app for that one.

0:13:08.640 --> 0:13:09.720
<v Speaker 1>That one really stings.

0:13:10.160 --> 0:13:13.640
<v Speaker 2>Yeah, it especially when they're talking about your work.

0:13:13.800 --> 0:13:14.520
<v Speaker 1>Yeah, exactly.

0:13:15.040 --> 0:13:19.800
<v Speaker 2>Well at any rate, Yes, the Caukers did come up

0:13:19.840 --> 0:13:25.880
<v Speaker 2>with that. I believe that's right. So your initial statement, Yeah.

0:13:24.800 --> 0:13:27.480
<v Speaker 3>Things got going on a larger scale after that when

0:13:27.720 --> 0:13:31.000
<v Speaker 3>farmers started banding together, and in this case, post Civil War,

0:13:31.120 --> 0:13:35.560
<v Speaker 3>black farmers were excluded from the Southern Farmers Alliance and

0:13:35.600 --> 0:13:39.319
<v Speaker 3>they formed the Colored Farmers National Alliance and Cooperative Society,

0:13:39.840 --> 0:13:43.040
<v Speaker 3>which had a million members or more by eighteen ninety one.

0:13:43.080 --> 0:13:46.599
<v Speaker 3>And this wasn't sort of a strict, you know, definition

0:13:46.679 --> 0:13:49.280
<v Speaker 3>of a co op. It was more like, hey, we're

0:13:49.320 --> 0:13:52.800
<v Speaker 3>all farmers, so let's all sort of just cooperate with

0:13:52.840 --> 0:13:57.120
<v Speaker 3>one another and share information and you know, lift each

0:13:57.120 --> 0:13:57.600
<v Speaker 3>other up.

0:13:58.320 --> 0:14:01.240
<v Speaker 2>Yeah. And because they were dealing with the Jim Crow South,

0:14:01.360 --> 0:14:04.920
<v Speaker 2>post Civil War South and all of that, they were

0:14:04.960 --> 0:14:07.800
<v Speaker 2>basically faced with an option like just submit yourself to

0:14:07.880 --> 0:14:10.880
<v Speaker 2>like really bad treatment, or figure out how to come together.

0:14:11.200 --> 0:14:13.800
<v Speaker 2>You don't have to know about co ops throughout history

0:14:14.120 --> 0:14:17.559
<v Speaker 2>to come up with your own co op. It's actually

0:14:17.600 --> 0:14:20.960
<v Speaker 2>like a general idea that any group would stumble upon,

0:14:21.080 --> 0:14:24.200
<v Speaker 2>typically when they're being mistreated or when they don't have

0:14:24.280 --> 0:14:28.800
<v Speaker 2>the resources to improve their lives. They realize like, well,

0:14:28.800 --> 0:14:30.720
<v Speaker 2>wait a minute, we're in the same boat. Let's just

0:14:30.720 --> 0:14:33.640
<v Speaker 2>put our resources together and improve our lives that way together.

0:14:34.320 --> 0:14:37.640
<v Speaker 3>Yeah, and this was like, this is spreading as a

0:14:37.680 --> 0:14:41.680
<v Speaker 3>philosophy more so than like all these like concrete examples

0:14:41.680 --> 0:14:43.400
<v Speaker 3>of like literal co ops that would come a little

0:14:43.400 --> 0:14:46.640
<v Speaker 3>bit later. But one of those other sort of ideas

0:14:46.680 --> 0:14:49.520
<v Speaker 3>that was spreading mixed in with this was something called

0:14:49.560 --> 0:14:53.680
<v Speaker 3>labor republicanism, and that was just you know, aligning with

0:14:53.720 --> 0:14:56.640
<v Speaker 3>this sort of the idea that hey, you know, if

0:14:56.640 --> 0:14:58.640
<v Speaker 3>you want real freedom, then you need to be able

0:14:58.720 --> 0:15:02.400
<v Speaker 3>to control your work and just be a wage laborer.

0:15:03.520 --> 0:15:05.360
<v Speaker 2>Right, You own that work, That's what I was talking

0:15:05.400 --> 0:15:07.840
<v Speaker 2>about earlier. You own that work, you lease it out

0:15:07.840 --> 0:15:11.560
<v Speaker 2>as you see fit. You're not submitting yourself to wage slavery. Like,

0:15:11.600 --> 0:15:14.680
<v Speaker 2>that's what that's all about. Apparently there's a debate going

0:15:14.680 --> 0:15:19.280
<v Speaker 2>on still today between labor republicanism and just universal basic income,

0:15:19.320 --> 0:15:22.160
<v Speaker 2>which one is actually the way to actual freedom from

0:15:22.560 --> 0:15:25.240
<v Speaker 2>being dominated by some boss.

0:15:25.600 --> 0:15:26.280
<v Speaker 1>Yeah, for sure.

0:15:26.640 --> 0:15:30.320
<v Speaker 3>It's also tied into the rise of unions and unionism

0:15:30.400 --> 0:15:31.240
<v Speaker 3>for sure, don't you think.

0:15:31.920 --> 0:15:34.840
<v Speaker 2>Yeah, there's the Knights of Labor, which was basically the

0:15:34.880 --> 0:15:38.240
<v Speaker 2>first massive union in the United States that came close

0:15:38.280 --> 0:15:42.240
<v Speaker 2>to a million members by the eighteen eighties. Their whole

0:15:42.280 --> 0:15:48.880
<v Speaker 2>thing was essentially setting up worker cooperatives, like creating an

0:15:48.960 --> 0:15:52.800
<v Speaker 2>economy in the United States based around co ops, collectives,

0:15:53.320 --> 0:15:56.800
<v Speaker 2>things like labor republicanism. That's exactly what they were about.

0:15:57.880 --> 0:16:01.200
<v Speaker 2>And they were pretty successful to an extent. I think

0:16:01.320 --> 0:16:04.080
<v Speaker 2>we can see today that they weren't actually successful at all,

0:16:05.080 --> 0:16:08.040
<v Speaker 2>and instead they were supplanted by a much more business

0:16:08.040 --> 0:16:12.000
<v Speaker 2>friendly union, the American Federation of Labor, which became even

0:16:12.040 --> 0:16:12.800
<v Speaker 2>more massive.

0:16:13.800 --> 0:16:16.720
<v Speaker 3>Yeah, and that was less like hey, let's you know,

0:16:16.760 --> 0:16:19.160
<v Speaker 3>get rid of these bosses and make a co op,

0:16:19.200 --> 0:16:21.360
<v Speaker 3>and it was like, let's try and find a way

0:16:21.360 --> 0:16:25.160
<v Speaker 3>to work with them, and you know, and true union

0:16:25.160 --> 0:16:27.800
<v Speaker 3>style like get fair pay and all that kind of stuff,

0:16:27.800 --> 0:16:30.560
<v Speaker 3>which is great, but just sort of strayed from that

0:16:30.720 --> 0:16:34.000
<v Speaker 3>co op idea a little bit more. And I think

0:16:34.080 --> 0:16:38.080
<v Speaker 3>in eighteen ninety five was when finally the International Cooperative

0:16:38.160 --> 0:16:39.480
<v Speaker 3>Alliance was formed.

0:16:39.840 --> 0:16:42.160
<v Speaker 1>Sure, and that was you know.

0:16:42.400 --> 0:16:46.680
<v Speaker 3>These are this is like a worldwide organization, obviously international.

0:16:47.080 --> 0:16:51.120
<v Speaker 2>Sure, what if they were just based in Topeka with

0:16:51.480 --> 0:16:54.960
<v Speaker 2>none but they're shooting for the sky.

0:16:55.480 --> 0:16:56.280
<v Speaker 1>Yeah, that'd be fun.

0:16:56.760 --> 0:16:58.640
<v Speaker 2>You want to take a break, Yeah.

0:16:58.440 --> 0:16:59.920
<v Speaker 3>We'll take a break and we'll talk a little bit

0:17:00.160 --> 0:17:02.240
<v Speaker 3>sort of how these things work right after this.

0:17:22.040 --> 0:17:23.160
<v Speaker 1>All right, we're back to talk.

0:17:24.040 --> 0:17:25.920
<v Speaker 3>Who helped this is Libby, I think, and she called

0:17:25.920 --> 0:17:31.000
<v Speaker 3>this section nuts and bolts because that's exactly what it is.

0:17:28.560 --> 0:17:28.800
<v Speaker 2>Sure.

0:17:31.080 --> 0:17:34.720
<v Speaker 3>These are all sort of listed under the Roachdale Principles

0:17:34.720 --> 0:17:39.200
<v Speaker 3>of Cooperation, which the ICA, the International Cooperative Alliance, adopted

0:17:39.200 --> 0:17:43.879
<v Speaker 3>in nineteen ninety five. And it's a series of bullet

0:17:43.920 --> 0:17:47.800
<v Speaker 3>points basically of generally how co ops can work. But

0:17:47.920 --> 0:17:51.000
<v Speaker 3>like I said, they're all they all have their own nuances.

0:17:51.119 --> 0:17:56.680
<v Speaker 3>But the first one is probably true across all cases.

0:17:57.119 --> 0:18:00.800
<v Speaker 3>You have a membership that is voluntary and anyone can

0:18:00.920 --> 0:18:03.000
<v Speaker 3>join as long as they fit the bill, like you

0:18:03.040 --> 0:18:03.840
<v Speaker 3>can't discriminate.

0:18:04.440 --> 0:18:07.879
<v Speaker 2>Yeah, there are some slight differences among co ops that

0:18:08.280 --> 0:18:11.120
<v Speaker 2>as these bullet points start to spread out, that one

0:18:11.160 --> 0:18:14.800
<v Speaker 2>seems to be like that's the that's a common universality,

0:18:14.920 --> 0:18:18.159
<v Speaker 2>you know. Yeah, there's also another one. They need to

0:18:18.200 --> 0:18:21.240
<v Speaker 2>be run democratically with one vote per member.

0:18:21.480 --> 0:18:21.880
<v Speaker 1>Mm hmm.

0:18:22.800 --> 0:18:25.639
<v Speaker 2>There's another way to do it that some co ops

0:18:25.720 --> 0:18:28.359
<v Speaker 2>choose where the more shares you have, the more votes

0:18:28.400 --> 0:18:31.320
<v Speaker 2>you have, so one share equals one vote rather than

0:18:31.359 --> 0:18:34.440
<v Speaker 2>one worker equals one vote. So one worker can amass

0:18:34.480 --> 0:18:37.280
<v Speaker 2>ten shares and they'll have ten votes opposed to the

0:18:37.320 --> 0:18:40.280
<v Speaker 2>other workers who just have one share each for sure.

0:18:40.320 --> 0:18:44.200
<v Speaker 3>And that capital that you have is also controlled democratically

0:18:44.840 --> 0:18:49.080
<v Speaker 3>and should serve the organization's goals and not just you know,

0:18:49.320 --> 0:18:50.760
<v Speaker 3>the CEO or whatever.

0:18:51.200 --> 0:18:54.479
<v Speaker 2>Right, Like, if you're if your honeymakers, you wouldn't want

0:18:54.520 --> 0:18:56.919
<v Speaker 2>to use your profits to invest in like an up

0:18:57.000 --> 0:19:01.840
<v Speaker 2>and coming b extermination out of it? It makes sense. Yeah,

0:19:01.920 --> 0:19:04.440
<v Speaker 2>you also want to be autonomous. I love this one too,

0:19:04.600 --> 0:19:07.640
<v Speaker 2>Like it doesn't matter who you sign a contract with,

0:19:07.680 --> 0:19:11.439
<v Speaker 2>whether it's a government contractor with another business, a corporate

0:19:11.520 --> 0:19:14.960
<v Speaker 2>vulture who cares, there's nothing in that contract that can

0:19:15.000 --> 0:19:21.240
<v Speaker 2>basically undermine any of this. The worker's democratic voice, the

0:19:21.280 --> 0:19:26.560
<v Speaker 2>sharing of profits, being open to all, nothing can undermine that.

0:19:26.680 --> 0:19:29.000
<v Speaker 2>And I love that one because they're autonomous. They're like,

0:19:29.040 --> 0:19:29.639
<v Speaker 2>we don't need you.

0:19:30.080 --> 0:19:31.040
<v Speaker 1>Yeah, that's great.

0:19:31.520 --> 0:19:33.000
<v Speaker 3>Another thing that you have to do is you got

0:19:33.040 --> 0:19:34.920
<v Speaker 3>to train up your folks, got to coach them up

0:19:35.520 --> 0:19:38.040
<v Speaker 3>so they can all be contributors. And then you know,

0:19:38.160 --> 0:19:41.320
<v Speaker 3>another part of that is just letting people know what's

0:19:41.359 --> 0:19:45.399
<v Speaker 3>going on that you're you're not some weird fringe group.

0:19:45.440 --> 0:19:48.800
<v Speaker 3>But educate the people on what sort of the benefits

0:19:48.840 --> 0:19:50.280
<v Speaker 3>of cooperative.

0:19:49.720 --> 0:19:53.880
<v Speaker 2>Work, right, and then they're like all co ops smell

0:19:54.040 --> 0:19:58.240
<v Speaker 2>like this. Yeah, and then you want to work with

0:19:58.320 --> 0:20:01.159
<v Speaker 2>other cooperatives. That's a big one. I mean supporting one

0:20:01.200 --> 0:20:04.880
<v Speaker 2>another because it even in societies where they really support

0:20:04.880 --> 0:20:10.200
<v Speaker 2>co ops there they still have the decks stacked against them.

0:20:10.240 --> 0:20:12.280
<v Speaker 2>So the more they can rely on other co ops

0:20:12.359 --> 0:20:14.760
<v Speaker 2>on each other, the better off each co op is.

0:20:14.720 --> 0:20:17.359
<v Speaker 1>Going to be you know, yeah for sure. And they

0:20:17.400 --> 0:20:18.680
<v Speaker 1>always give back to the community.

0:20:18.720 --> 0:20:22.040
<v Speaker 3>It seems like, you know, that's part of getting the

0:20:22.080 --> 0:20:24.400
<v Speaker 3>word out is doing like good work in the community.

0:20:24.480 --> 0:20:26.639
<v Speaker 3>And so they so people see like, oh, this is

0:20:26.640 --> 0:20:29.480
<v Speaker 3>that co op that's doing you know, the park cleanup

0:20:29.560 --> 0:20:31.400
<v Speaker 3>or you know, any anything sort of like that.

0:20:32.840 --> 0:20:33.560
<v Speaker 1>And here's the deal.

0:20:33.600 --> 0:20:34.960
<v Speaker 3>You know, we said, there's a lot of different ways

0:20:34.960 --> 0:20:38.240
<v Speaker 3>you can structure these not you know, if you see

0:20:38.280 --> 0:20:40.399
<v Speaker 3>there's a co op, it doesn't mean every single person

0:20:40.440 --> 0:20:43.399
<v Speaker 3>that's working there that day is a member owner because

0:20:43.440 --> 0:20:45.800
<v Speaker 3>a lot of times you have to kind of prove

0:20:45.840 --> 0:20:47.720
<v Speaker 3>you're in it for the long haul, like there's a

0:20:47.760 --> 0:20:52.600
<v Speaker 3>probationary period. Sometimes you have to buy into it financially,

0:20:52.640 --> 0:20:58.600
<v Speaker 3>but not always. And also sometimes you either you're either

0:20:58.600 --> 0:21:03.040
<v Speaker 3>buying in financially and or being voted in by existing members.

0:21:03.400 --> 0:21:06.160
<v Speaker 2>Yes, by Biff, that's right.

0:21:06.880 --> 0:21:09.440
<v Speaker 3>And sort of the final thing is how it works

0:21:09.560 --> 0:21:12.720
<v Speaker 3>the structure at the top, because you know, even though

0:21:12.720 --> 0:21:14.640
<v Speaker 3>it's a co op, you still need to have kind

0:21:14.680 --> 0:21:18.080
<v Speaker 3>of people near the top in charge of the higher

0:21:18.200 --> 0:21:21.080
<v Speaker 3>you know, upper management sort of decisions, especially if they're

0:21:21.200 --> 0:21:24.440
<v Speaker 3>you know, larger co ops, because you know, you can

0:21:24.480 --> 0:21:26.840
<v Speaker 3>have some smaller co ops that are a little more

0:21:26.880 --> 0:21:29.639
<v Speaker 3>like you know, probably like Sevenonda, where you have workers

0:21:29.640 --> 0:21:32.760
<v Speaker 3>that are voting directly on just about everything that.

0:21:32.680 --> 0:21:33.640
<v Speaker 1>Happens with a co op.

0:21:34.040 --> 0:21:36.120
<v Speaker 3>But the bigger you get, the more you might see

0:21:36.119 --> 0:21:39.760
<v Speaker 3>a structure where those workers aren't voting on everything directly,

0:21:39.800 --> 0:21:43.280
<v Speaker 3>but they're electing some of their own to sort of

0:21:43.320 --> 0:21:47.719
<v Speaker 3>act as the executive branch or maybe who like you know,

0:21:47.760 --> 0:21:50.879
<v Speaker 3>go out and hire a leadership staff or form a

0:21:50.920 --> 0:21:53.040
<v Speaker 3>board or something like that. But they're voting on the

0:21:53.080 --> 0:21:56.000
<v Speaker 3>people that do that. And you know, ideally, and I

0:21:56.000 --> 0:21:58.679
<v Speaker 3>think usually in most cases they're they're bringing in the

0:21:58.680 --> 0:22:01.160
<v Speaker 3>people that are going to want to serve the co op. Well,

0:22:01.200 --> 0:22:02.800
<v Speaker 3>it's not like all of a sudden they're like, oh no,

0:22:02.880 --> 0:22:05.680
<v Speaker 3>we got this board in there that's now taking over

0:22:05.760 --> 0:22:08.040
<v Speaker 3>and changing it to a more capitalist structure.

0:22:08.240 --> 0:22:10.560
<v Speaker 2>Right, We're going to bring in a young hot shot

0:22:10.680 --> 0:22:13.080
<v Speaker 2>fresh out of a private equity firm to take over.

0:22:13.440 --> 0:22:14.680
<v Speaker 1>Not a good idea.

0:22:14.840 --> 0:22:19.439
<v Speaker 2>And again it's like some co ops face easier goes

0:22:19.480 --> 0:22:22.239
<v Speaker 2>of it, and depending on the country you're in, and

0:22:22.280 --> 0:22:25.399
<v Speaker 2>depending even on the state, it can be easier than others.

0:22:25.600 --> 0:22:27.600
<v Speaker 2>If you're in the Pacific Northwest, you can turn to

0:22:27.640 --> 0:22:32.760
<v Speaker 2>the Northwest Cooperative Development Center and Cooperative Fund of the Northeast.

0:22:32.840 --> 0:22:36.560
<v Speaker 2>It just keeps going and they'll essentially tell you how

0:22:36.600 --> 0:22:39.520
<v Speaker 2>to convert your business into a co op, which you

0:22:39.520 --> 0:22:41.800
<v Speaker 2>can do if you have an existing business, how to

0:22:41.840 --> 0:22:44.960
<v Speaker 2>start a co op from scratch, all the ins and outs,

0:22:44.960 --> 0:22:48.159
<v Speaker 2>that kind of thing. And again, this is highly necessary

0:22:48.200 --> 0:22:51.440
<v Speaker 2>to have somebody who has expertise and understanding on how

0:22:51.480 --> 0:22:55.520
<v Speaker 2>to navigate co op operations in the United States or

0:22:55.560 --> 0:22:56.720
<v Speaker 2>in other countries too.

0:22:57.119 --> 0:22:57.919
<v Speaker 1>Co op ops.

0:22:58.920 --> 0:23:01.080
<v Speaker 3>Yeah, so you know, there are definitely some efforts in

0:23:01.080 --> 0:23:05.200
<v Speaker 3>the United States to assist people that have these ideas,

0:23:05.280 --> 0:23:08.400
<v Speaker 3>it's just not as robust as like in other countries.

0:23:09.280 --> 0:23:13.000
<v Speaker 3>And speaking of other countries, I know we talked about

0:23:13.040 --> 0:23:15.320
<v Speaker 3>Spain early on, and that is the home of the

0:23:15.440 --> 0:23:18.440
<v Speaker 3>largest and most prominent co op in the world, basically,

0:23:18.480 --> 0:23:21.280
<v Speaker 3>which is the I'm gonna say Mandragon.

0:23:21.880 --> 0:23:23.720
<v Speaker 2>That's what I would say too, not.

0:23:23.720 --> 0:23:25.959
<v Speaker 1>The Mandragon, even though that's way cooler.

0:23:26.040 --> 0:23:27.800
<v Speaker 2>So it is, and that's how I want to put

0:23:27.840 --> 0:23:28.080
<v Speaker 2>it too.

0:23:28.480 --> 0:23:32.479
<v Speaker 3>Yeah, but the Mandragon Corporation is a collective. Again, this

0:23:32.560 --> 0:23:33.960
<v Speaker 3>is one of those it's a bunch of co ops

0:23:33.960 --> 0:23:36.399
<v Speaker 3>that got together to make a larger co op in

0:23:36.440 --> 0:23:39.320
<v Speaker 3>the Basque region of Spain. And it's named for the

0:23:39.320 --> 0:23:40.879
<v Speaker 3>town of Mandragon.

0:23:40.840 --> 0:23:45.200
<v Speaker 2>Yes, And it was founded by Jose Maria Rismonda Rieta.

0:23:46.400 --> 0:23:49.280
<v Speaker 2>That is quite a name, nice, believe me. I know

0:23:50.840 --> 0:23:53.960
<v Speaker 2>he is a priest or. He was a priest who

0:23:54.040 --> 0:23:58.239
<v Speaker 2>was actually started out as a journalist writing against the

0:23:58.359 --> 0:24:02.040
<v Speaker 2>fascists against the Franco regime in the Spanish Civil War

0:24:02.040 --> 0:24:05.760
<v Speaker 2>in the thirties. After the war, he became a priest

0:24:06.240 --> 0:24:08.600
<v Speaker 2>and he was assigned to the town of mandra Gone

0:24:09.520 --> 0:24:12.160
<v Speaker 2>in nineteen forty one and he said, hey, mandra Gone,

0:24:12.440 --> 0:24:15.480
<v Speaker 2>we are going to go capital s word all the

0:24:15.520 --> 0:24:16.800
<v Speaker 2>way in this town.

0:24:18.119 --> 0:24:22.400
<v Speaker 3>Yeah, he you know, doing good stuff, like hey, let's

0:24:22.440 --> 0:24:25.040
<v Speaker 3>create a medical clinic, let's get some housing going for

0:24:25.080 --> 0:24:30.240
<v Speaker 3>these people. What about technical schools in education to like

0:24:30.280 --> 0:24:34.520
<v Speaker 3>lift everybody up. And in nineteen fifty six, there were

0:24:34.520 --> 0:24:38.040
<v Speaker 3>five workers who had been part of this, you know,

0:24:38.160 --> 0:24:41.879
<v Speaker 3>planned with him, and they created a cooperative company to

0:24:42.080 --> 0:24:44.399
<v Speaker 3>make kerosene heaters. That's how they got their start, the

0:24:44.400 --> 0:24:48.520
<v Speaker 3>biggest one in the world. Started out making kerosene heaters initially.

0:24:48.560 --> 0:24:50.440
<v Speaker 2>Yeah, for sure, and then it just started to grow

0:24:50.480 --> 0:24:56.639
<v Speaker 2>from there. They created their own pension and healthcare systems. Essentially,

0:24:56.720 --> 0:24:59.960
<v Speaker 2>every time the town faced a problem, they needed something

0:25:00.119 --> 0:25:03.000
<v Speaker 2>like funding for a new co op and they couldn't

0:25:03.160 --> 0:25:06.240
<v Speaker 2>get it from the outside world. They just did it themselves.

0:25:06.320 --> 0:25:10.960
<v Speaker 2>So each new problem, each new obstacle, saw a co

0:25:11.040 --> 0:25:14.000
<v Speaker 2>op founded to address it, and it just it just

0:25:14.080 --> 0:25:18.080
<v Speaker 2>kept growing and growing from there, and eventually it became

0:25:18.160 --> 0:25:21.800
<v Speaker 2>the Mandragon Corporation, which is enormous. It employs something like

0:25:21.920 --> 0:25:26.720
<v Speaker 2>eighty thousand people today and it's made up of again,

0:25:26.800 --> 0:25:29.679
<v Speaker 2>like you said, ninety five different co ops coming together

0:25:29.840 --> 0:25:31.880
<v Speaker 2>as a co op themselves.

0:25:32.080 --> 0:25:33.560
<v Speaker 1>Yeah, and how it works for them.

0:25:33.960 --> 0:25:35.200
<v Speaker 3>They are one of the ones that has one of

0:25:35.240 --> 0:25:39.040
<v Speaker 3>those probationary periods before you can become a member. And

0:25:39.800 --> 0:25:42.320
<v Speaker 3>once you've done that, you are a shareholder. You are

0:25:42.359 --> 0:25:45.720
<v Speaker 3>a worker and a shareholder in that company, and you're

0:25:45.840 --> 0:25:48.680
<v Speaker 3>voting on you know, all the stuff it takes to

0:25:48.760 --> 0:25:52.880
<v Speaker 3>run a corporation, business strategies, what kind of money people make.

0:25:53.800 --> 0:25:56.879
<v Speaker 3>Everyone gets an equal vote. They do have a governing council,

0:25:57.000 --> 0:26:00.000
<v Speaker 3>and that one because you know, it's a big, unwheeled

0:26:00.359 --> 0:26:04.400
<v Speaker 3>so they need they need sort of a higher up council.

0:26:05.440 --> 0:26:08.800
<v Speaker 3>There's a managing director and they sort of act as

0:26:08.800 --> 0:26:12.440
<v Speaker 3>like a CEO. But this is super awesome and kind

0:26:12.480 --> 0:26:15.560
<v Speaker 3>of one of the keys is the highest paid person there.

0:26:15.600 --> 0:26:18.320
<v Speaker 3>They have like a wage cap basically for what you

0:26:18.320 --> 0:26:21.960
<v Speaker 3>would call a CEO yea, and the highest paid wage

0:26:22.040 --> 0:26:24.840
<v Speaker 3>earner can be paid no more than six times the

0:26:24.840 --> 0:26:27.800
<v Speaker 3>salary of the lowest paid. If you look at a

0:26:27.840 --> 0:26:31.320
<v Speaker 3>regular capitalist American corporation, that number is about three hundred

0:26:31.359 --> 0:26:33.520
<v Speaker 3>and fifty to one rather than six to one.

0:26:33.960 --> 0:26:37.639
<v Speaker 2>Yeah, it's pretty impressive. They also share the co ops

0:26:37.680 --> 0:26:42.000
<v Speaker 2>profits the member owners, and they have to make difficult choices.

0:26:42.040 --> 0:26:45.000
<v Speaker 2>This is something that co ops are are good at

0:26:45.040 --> 0:26:49.199
<v Speaker 2>like this. This is why co ops are pro worker. Like.

0:26:49.240 --> 0:26:52.480
<v Speaker 2>If there's a hard time, an economic downturn or something

0:26:52.600 --> 0:26:56.119
<v Speaker 2>like that and sales are down, profits are down, most

0:26:56.560 --> 0:26:59.639
<v Speaker 2>capitalist companies just lay people off. They ramp up a

0:26:59.640 --> 0:27:02.520
<v Speaker 2>lot of works in like fat times, and then they

0:27:02.640 --> 0:27:05.280
<v Speaker 2>just cut them in lean times. Co Ops don't tend

0:27:05.320 --> 0:27:08.320
<v Speaker 2>to do that. Instead, they tend to all agree to

0:27:08.359 --> 0:27:12.080
<v Speaker 2>take a pay cut to spread the pain around so

0:27:12.119 --> 0:27:14.919
<v Speaker 2>that no one person has to take the brunt of it,

0:27:15.000 --> 0:27:17.040
<v Speaker 2>or no one group of people have to take the

0:27:17.080 --> 0:27:18.359
<v Speaker 2>brunt of it and lose their job.

0:27:19.000 --> 0:27:19.720
<v Speaker 1>Yeah, for sure.

0:27:20.440 --> 0:27:24.720
<v Speaker 3>And they you know, they've had to change things a

0:27:24.720 --> 0:27:26.679
<v Speaker 3>little bit over the years. That ratio I think that

0:27:26.760 --> 0:27:29.439
<v Speaker 3>I said with six to one, that's an increase. It

0:27:29.560 --> 0:27:31.280
<v Speaker 3>used to be a three to one ratio of the

0:27:31.640 --> 0:27:34.439
<v Speaker 3>highest paid to the lowest paid worker. So they've had

0:27:34.440 --> 0:27:36.200
<v Speaker 3>to roll with the times a little bit. But six

0:27:36.280 --> 0:27:38.879
<v Speaker 3>to one is still way different than three hundred and

0:27:38.920 --> 0:27:40.240
<v Speaker 3>fifty to one for sure.

0:27:40.880 --> 0:27:43.840
<v Speaker 2>So this is the far and away the largest. There's

0:27:44.000 --> 0:27:46.680
<v Speaker 2>the second largest is nothing to sneeze at either the

0:27:46.880 --> 0:27:52.760
<v Speaker 2>or A lungo labor contract Cooperative Society founded in Kerala, India,

0:27:53.240 --> 0:27:57.600
<v Speaker 2>has about eighteen thousand employees and it was founded back

0:27:57.640 --> 0:28:00.399
<v Speaker 2>in nineteen twenty five while the Brits were still ruling

0:28:00.480 --> 0:28:04.240
<v Speaker 2>India as a colony, and some of the workers from

0:28:04.920 --> 0:28:08.240
<v Speaker 2>the lower casts I think sixteen of them got together

0:28:08.320 --> 0:28:11.119
<v Speaker 2>to pool their money and said, hey, we're going to

0:28:11.160 --> 0:28:14.120
<v Speaker 2>start repairing roads. Government give us some contracts, and that's

0:28:14.160 --> 0:28:15.280
<v Speaker 2>where the whole thing started.

0:28:15.960 --> 0:28:16.600
<v Speaker 1>Yeah, for sure.

0:28:18.280 --> 0:28:23.040
<v Speaker 3>The first Prime Minister of India, Nehru was was basically

0:28:24.119 --> 0:28:26.280
<v Speaker 3>very much into the idea of these workers co ops

0:28:26.359 --> 0:28:29.480
<v Speaker 3>and farmers co ops, and you know, did a lot

0:28:29.520 --> 0:28:34.520
<v Speaker 3>to encourage and incentivize these popping up over there. I

0:28:34.560 --> 0:28:37.359
<v Speaker 3>think there are a ton of Indian cooperatives and this

0:28:37.480 --> 0:28:41.040
<v Speaker 3>is just the biggest one at like eighteen thousand employees.

0:28:40.720 --> 0:28:46.160
<v Speaker 2>Right, Yeah, Yeah. Nehru also encouraged people to rethink their jackets.

0:28:46.840 --> 0:28:49.960
<v Speaker 3>Oh man, those are good looking. I can't get away

0:28:49.960 --> 0:28:51.040
<v Speaker 3>with those, but those are cool.

0:28:51.200 --> 0:28:54.440
<v Speaker 2>Okay. So that's India. I guess that's kind of second

0:28:54.480 --> 0:28:56.200
<v Speaker 2>to Spain, like we said, at least as far as

0:28:56.240 --> 0:29:00.280
<v Speaker 2>the largest co ops go. But Italy I would say,

0:29:01.440 --> 0:29:05.400
<v Speaker 2>is possibly the country that supports co ops the most.

0:29:05.560 --> 0:29:06.960
<v Speaker 2>On a societal level.

0:29:07.760 --> 0:29:09.160
<v Speaker 1>It seems like there's that.

0:29:11.360 --> 0:29:14.720
<v Speaker 3>S word streak still running through Italy to a large degree.

0:29:14.880 --> 0:29:21.240
<v Speaker 2>Sure. Yeah, yeah, So the Italian government gives financial incentives

0:29:21.240 --> 0:29:24.160
<v Speaker 2>to start and run a co op. There's laws that

0:29:24.200 --> 0:29:26.120
<v Speaker 2>say if you don't run a co op, you have

0:29:26.160 --> 0:29:29.160
<v Speaker 2>to give up one of your kids. They're really pro

0:29:29.280 --> 0:29:32.760
<v Speaker 2>co op. They also this is another thing too that

0:29:33.160 --> 0:29:35.800
<v Speaker 2>some co ops come out of, where a company will

0:29:35.800 --> 0:29:38.360
<v Speaker 2>be failing and the owners will be like, well that's

0:29:38.400 --> 0:29:41.120
<v Speaker 2>it for me, I'm ruined, and the employees will be like, well,

0:29:41.160 --> 0:29:43.120
<v Speaker 2>we still have some money that we can put together.

0:29:43.280 --> 0:29:45.760
<v Speaker 2>Let us buy the company from you, and the owner

0:29:45.800 --> 0:29:49.000
<v Speaker 2>will sell the company to the employees. And the government

0:29:49.040 --> 0:29:51.560
<v Speaker 2>of Italy helps facilitate this kind of thing to make

0:29:51.600 --> 0:29:54.960
<v Speaker 2>it more likely. And that makes so much more sense

0:29:55.320 --> 0:29:58.800
<v Speaker 2>than just letting a company fail. Let the workers buy

0:29:58.840 --> 0:30:00.760
<v Speaker 2>it if they want to and run as a co op.

0:30:00.880 --> 0:30:02.320
<v Speaker 2>Let them all over the company.

0:30:02.680 --> 0:30:04.960
<v Speaker 3>Yeah, that's a big thing that happened in Argentina, and

0:30:05.000 --> 0:30:07.120
<v Speaker 3>I sort of remember this in the early two thousands

0:30:08.040 --> 0:30:11.080
<v Speaker 3>when Argentina was having such a rough time. A lot

0:30:11.160 --> 0:30:14.400
<v Speaker 3>of workers were laid off in the industrial sector and

0:30:14.640 --> 0:30:16.640
<v Speaker 3>they were did what you were just talking about. They

0:30:16.680 --> 0:30:19.760
<v Speaker 3>were like, well, hey, this factory is going out of business,

0:30:19.920 --> 0:30:22.240
<v Speaker 3>so let's as employees get together and buy these things.

0:30:22.720 --> 0:30:25.200
<v Speaker 3>And it became known as the National Movement of Recovered

0:30:25.200 --> 0:30:28.840
<v Speaker 3>Companies and they're about four hundred of these still going strong.

0:30:29.120 --> 0:30:32.240
<v Speaker 2>Yeah. What's cool about the Argentinian model too, is I

0:30:32.280 --> 0:30:35.320
<v Speaker 2>think they actually took over these companies. They were all

0:30:35.400 --> 0:30:38.840
<v Speaker 2>laid off and they're like, oh yeah, watch this. I

0:30:38.880 --> 0:30:43.240
<v Speaker 2>think that's pretty neat. Yeah. Mexico is well known for

0:30:43.560 --> 0:30:46.719
<v Speaker 2>fishing cooperatives. This happens around the world, but Mexico has

0:30:46.720 --> 0:30:48.680
<v Speaker 2>some pretty strong ones. And one of the cool things

0:30:49.200 --> 0:30:53.600
<v Speaker 2>is that there's often lax enforcement of things like sustainability

0:30:53.680 --> 0:31:00.200
<v Speaker 2>and catch quotas among fishermen in Mexico. So these co

0:31:00.240 --> 0:31:06.440
<v Speaker 2>ops tend to support sustainability themselves by essentially paying attention

0:31:06.520 --> 0:31:10.560
<v Speaker 2>to one another and making sure everybody's acting fairly. Sustainability

0:31:10.640 --> 0:31:11.720
<v Speaker 2>just grows out of that.

0:31:12.280 --> 0:31:13.800
<v Speaker 1>So you want to take another break.

0:31:14.320 --> 0:31:16.000
<v Speaker 2>Oh yeah, I didn't see that coming.

0:31:16.360 --> 0:31:18.560
<v Speaker 3>All right, we'll come back right after this, and Josh,

0:31:18.680 --> 0:31:25.880
<v Speaker 3>we'll speak first, because that's how we do things.

0:31:40.680 --> 0:31:43.640
<v Speaker 2>So Chuck, it's probably not a surprise, as we've seen

0:31:43.640 --> 0:31:46.560
<v Speaker 2>compared to other countries, the United States is not exactly

0:31:47.560 --> 0:31:50.640
<v Speaker 2>up to speed. As far as co ops are concerned,

0:31:51.040 --> 0:31:56.840
<v Speaker 2>there's potentially seven to ten thousand Americans out of what

0:31:56.960 --> 0:32:00.160
<v Speaker 2>three hundred and sixty somethingter million who are employees and

0:32:00.240 --> 0:32:04.040
<v Speaker 2>co ops in the United States. That's not a very

0:32:04.080 --> 0:32:08.200
<v Speaker 2>significant number, but there are the people who are employed

0:32:08.200 --> 0:32:10.840
<v Speaker 2>there are happier than you will ever be in your

0:32:11.000 --> 0:32:12.200
<v Speaker 2>entire life. Yeah.

0:32:12.240 --> 0:32:12.600
<v Speaker 1>Probably.

0:32:12.640 --> 0:32:12.720
<v Speaker 2>So.

0:32:13.280 --> 0:32:15.720
<v Speaker 3>The largest one in the United States is the Cooperative

0:32:15.760 --> 0:32:19.720
<v Speaker 3>Home Care Associates started in the Bronx in nineteen eighty

0:32:19.760 --> 0:32:24.280
<v Speaker 3>five when twelve home health aids came together and said, hey,

0:32:24.360 --> 0:32:26.560
<v Speaker 3>there's got to be a better way, and they started

0:32:26.600 --> 0:32:29.880
<v Speaker 3>recruiting people and they've got Wow. Out of that seven

0:32:29.920 --> 0:32:34.600
<v Speaker 3>to ten thousand, two thousand of them work for the UHCA.

0:32:35.520 --> 0:32:40.680
<v Speaker 2>Yeah, and then they also typically hire women of color

0:32:40.680 --> 0:32:44.200
<v Speaker 2>and immigrants, usually low income, and train them to be

0:32:44.320 --> 0:32:46.840
<v Speaker 2>home health aids. And then eventually, with a one thousand

0:32:46.880 --> 0:32:50.479
<v Speaker 2>dollars payment, you can buy in and become a worker

0:32:50.840 --> 0:32:55.320
<v Speaker 2>member owner. And they tend to have people have compared

0:32:55.360 --> 0:32:59.360
<v Speaker 2>this model to actually this company to other home health

0:32:59.400 --> 0:33:03.120
<v Speaker 2>aid companies, and the workers tend to have greater job satisfaction.

0:33:03.480 --> 0:33:06.640
<v Speaker 2>They trust management more because they're talking about themselves in

0:33:06.680 --> 0:33:08.560
<v Speaker 2>a lot of cases, but even the workers who aren't

0:33:08.600 --> 0:33:11.760
<v Speaker 2>member owners tend to have a higher trust in management.

0:33:12.160 --> 0:33:15.880
<v Speaker 2>And this is where people are like, I don't get it,

0:33:15.960 --> 0:33:20.120
<v Speaker 2>Like why would you do this? Because what you're doing

0:33:20.240 --> 0:33:23.560
<v Speaker 2>is creating a social good, Like, it's not just about

0:33:23.600 --> 0:33:27.600
<v Speaker 2>maximizing profits. And I believe Cooperative Home Care Associates is

0:33:27.600 --> 0:33:30.280
<v Speaker 2>a for profit company, and co ops can be for profit.

0:33:30.320 --> 0:33:32.640
<v Speaker 2>They don't have to be a profit. But they're proving

0:33:32.920 --> 0:33:35.960
<v Speaker 2>that you can still promote a social good. You can

0:33:36.000 --> 0:33:40.000
<v Speaker 2>still make society a better place and still turn a profit.

0:33:40.560 --> 0:33:42.600
<v Speaker 2>It's just not you know, you're not going to ever

0:33:42.640 --> 0:33:45.200
<v Speaker 2>set the stock market on fire. That's not the point.

0:33:45.240 --> 0:33:48.440
<v Speaker 2>The point is more to create the social good, and

0:33:48.480 --> 0:33:51.640
<v Speaker 2>that's one of the things that the Cooperative Home Care

0:33:51.640 --> 0:33:52.840
<v Speaker 2>Associates does.

0:33:53.360 --> 0:33:56.480
<v Speaker 3>Yeah, for sure, there are some other cool examples here

0:33:56.560 --> 0:33:59.080
<v Speaker 3>I'm going to jump to. I know you know where

0:33:59.080 --> 0:34:04.560
<v Speaker 3>I'm going because Olivia included the podcast company Maximum Fun.

0:34:05.480 --> 0:34:09.640
<v Speaker 3>Longtime supporters of stuff you should know. Maximum Fun was

0:34:10.000 --> 0:34:15.000
<v Speaker 3>had a single sole owner in Jesse Thorn. Yeah, he

0:34:15.120 --> 0:34:18.960
<v Speaker 3>was mogul very early on. He's the guy that set

0:34:19.000 --> 0:34:21.719
<v Speaker 3>up Mark Marin initially in his garage with equipment and

0:34:21.840 --> 0:34:25.080
<v Speaker 3>was like, here's how you do podcasting. So Jesse's a

0:34:25.080 --> 0:34:29.160
<v Speaker 3>pioneer in the business itself. Obviously does Judge John Hodgman

0:34:29.360 --> 0:34:33.640
<v Speaker 3>with Our Pal and Jordan Jesse go and Bullseye with

0:34:33.719 --> 0:34:36.960
<v Speaker 3>Jesse Thorn a great interview show, but Maximum Fun was his.

0:34:37.920 --> 0:34:40.680
<v Speaker 3>He started it as a very sort of forward thinking

0:34:40.719 --> 0:34:44.120
<v Speaker 3>young guy. She's I don't even know how many years ago.

0:34:44.120 --> 0:34:46.440
<v Speaker 3>It had to be twenty ish years ago at this point.

0:34:47.360 --> 0:34:50.759
<v Speaker 3>And three years ago Jesse was like, you know what,

0:34:51.120 --> 0:34:55.560
<v Speaker 3>I don't want to run the show anymore, and I

0:34:55.600 --> 0:34:59.520
<v Speaker 3>think Maximum Fun could transition to a co op. We've

0:34:59.520 --> 0:35:03.359
<v Speaker 3>got these great employees who are heavily invested, and why

0:35:03.400 --> 0:35:05.399
<v Speaker 3>not see if they'll go all in. And they did,

0:35:05.560 --> 0:35:09.080
<v Speaker 3>and Maximum Fund became a worker own co op.

0:35:09.280 --> 0:35:11.440
<v Speaker 2>Yeah, which is pretty cool. I mean even before that

0:35:11.960 --> 0:35:15.440
<v Speaker 2>he had basically transferred ownership of the individual shows to

0:35:15.520 --> 0:35:19.080
<v Speaker 2>the show creators and then so it was a I

0:35:19.120 --> 0:35:22.200
<v Speaker 2>guess kind of an easy, easyish leap into a co

0:35:22.280 --> 0:35:25.359
<v Speaker 2>op from there. So hats off Jesse Thorn and all

0:35:25.400 --> 0:35:26.520
<v Speaker 2>the peeps at Max Fun.

0:35:27.160 --> 0:35:27.600
<v Speaker 1>That's right.

0:35:28.640 --> 0:35:32.080
<v Speaker 2>If you happened to be up in Maine along the

0:35:32.160 --> 0:35:35.920
<v Speaker 2>coast and you're island hopper. I could not find exactly

0:35:35.920 --> 0:35:40.040
<v Speaker 2>what islands, but there is a trio of stores, the Galley,

0:35:40.680 --> 0:35:44.440
<v Speaker 2>VNS Variety and Burnt Cove Market, and all three of

0:35:44.480 --> 0:35:49.440
<v Speaker 2>them are worker owned and operated. And there it was

0:35:49.480 --> 0:35:52.320
<v Speaker 2>one of those situations where all three stores were being

0:35:52.400 --> 0:35:56.239
<v Speaker 2>sold and the owners couldn't find any buyers, and then

0:35:56.280 --> 0:35:59.120
<v Speaker 2>workers were like, well buy it. So now seventy people

0:35:59.160 --> 0:36:01.400
<v Speaker 2>off the coast of Maine are part of the Island

0:36:01.480 --> 0:36:05.640
<v Speaker 2>Employee Cooperative, which is again pretty cool totally.

0:36:05.680 --> 0:36:07.640
<v Speaker 3>I don't think Maine has many islands, so I'm surprised

0:36:07.680 --> 0:36:10.040
<v Speaker 3>you didn't find out what the deal was.

0:36:10.160 --> 0:36:13.600
<v Speaker 2>I saw that the thing was headquartered and I think Stonington, Maine,

0:36:13.800 --> 0:36:16.120
<v Speaker 2>but I didn't see what island that was on, and

0:36:16.560 --> 0:36:18.680
<v Speaker 2>who knows could be the mainland for all I know,

0:36:18.800 --> 0:36:23.120
<v Speaker 2>I'm not a up up northeaster and up easter.

0:36:23.520 --> 0:36:28.120
<v Speaker 1>A manor Yeah, across the pond, you're from away, I

0:36:28.160 --> 0:36:29.080
<v Speaker 1>think that is what they say.

0:36:29.280 --> 0:36:32.640
<v Speaker 2>Yeah, I know, I cannot tell you how much murder,

0:36:32.719 --> 0:36:35.680
<v Speaker 2>she wrote, I've seen in my life, and I still

0:36:36.120 --> 0:36:38.840
<v Speaker 2>was that picked up the lingo. Oh yeah, cabin cokain.

0:36:39.360 --> 0:36:39.600
<v Speaker 1>Yeah.

0:36:39.640 --> 0:36:42.440
<v Speaker 3>I never, as you know, never saw a single episode

0:36:42.440 --> 0:36:43.920
<v Speaker 3>of murder. She wrote very sad about that.

0:36:44.239 --> 0:36:47.080
<v Speaker 2>I didn't know that, and I see you differently now.

0:36:48.400 --> 0:36:49.719
<v Speaker 1>I need to I need to check it out. I

0:36:49.719 --> 0:36:50.480
<v Speaker 1>know it's a classic.

0:36:51.000 --> 0:36:53.440
<v Speaker 3>By way, I think my delivery might have been so

0:36:53.560 --> 0:36:56.200
<v Speaker 3>dry that we're going to get Germany as landlocked emails.

0:36:56.239 --> 0:36:58.919
<v Speaker 3>I know there are thousands of islands off of Maine,

0:36:58.920 --> 0:36:59.239
<v Speaker 3>by the way.

0:36:59.360 --> 0:37:02.920
<v Speaker 2>Oh, okay, you got me, You fooled me, Chuck.

0:37:03.560 --> 0:37:07.360
<v Speaker 3>We should talk just at least mention aesops or employee

0:37:07.360 --> 0:37:08.480
<v Speaker 3>stock ownership plans.

0:37:08.640 --> 0:37:10.279
<v Speaker 1>Yeah, this isn't the same as a.

0:37:10.239 --> 0:37:14.080
<v Speaker 3>Co op because you're you're generally not getting like a

0:37:14.160 --> 0:37:17.640
<v Speaker 3>vote on things and how things run. But it's employees

0:37:17.719 --> 0:37:22.040
<v Speaker 3>owning the business. And our beloved Public's supermarket chain is

0:37:22.920 --> 0:37:26.280
<v Speaker 3>easily the largest employee owned company in the United States.

0:37:26.280 --> 0:37:28.719
<v Speaker 3>I think they owned about employees of Public's owned about

0:37:28.719 --> 0:37:30.520
<v Speaker 3>eighty percent of the company, which is a lot.

0:37:30.760 --> 0:37:32.920
<v Speaker 2>Yeah, it's like they have stock, but rather than being

0:37:32.960 --> 0:37:35.880
<v Speaker 2>publicly traded, you have to be in a Public's employee

0:37:35.880 --> 0:37:39.080
<v Speaker 2>to buy and own public stock, and pretty cool. A

0:37:39.120 --> 0:37:43.319
<v Speaker 2>lot of people retire pretty well to do because of

0:37:43.400 --> 0:37:46.759
<v Speaker 2>the public stock that they've accrued over their career and

0:37:46.760 --> 0:37:48.439
<v Speaker 2>it is. It's great for sure.

0:37:48.520 --> 0:37:48.759
<v Speaker 1>Yeah.

0:37:48.880 --> 0:37:52.279
<v Speaker 3>ACE Hardware that's another kind of cool, and that's you know,

0:37:52.320 --> 0:37:55.239
<v Speaker 3>they're independent retailers, and I think most people know that

0:37:55.320 --> 0:37:58.400
<v Speaker 3>because your local ACE Hardware is is owned and operated

0:37:58.440 --> 0:38:01.040
<v Speaker 3>by somebody who lives there, which is kind of a

0:38:01.040 --> 0:38:01.520
<v Speaker 3>cool model.

0:38:01.719 --> 0:38:03.920
<v Speaker 2>Yeah. Like, try buying something at one ACE and then

0:38:03.920 --> 0:38:06.120
<v Speaker 2>taking it back at the other ACE. You're going to

0:38:06.160 --> 0:38:10.560
<v Speaker 2>be sorely disappointed, my friend? Is that true? Oh? Yeah? They? Oh,

0:38:10.600 --> 0:38:13.160
<v Speaker 2>I didn't know that I bought something. I should say.

0:38:13.200 --> 0:38:16.680
<v Speaker 2>You and me bought something at an ACE and I

0:38:16.719 --> 0:38:20.360
<v Speaker 2>took it to the other ACE owned by the same company,

0:38:20.400 --> 0:38:22.960
<v Speaker 2>and because we bought it online, they could not they

0:38:22.960 --> 0:38:23.920
<v Speaker 2>could not return it.

0:38:24.239 --> 0:38:26.120
<v Speaker 1>Oh interesting, I don't think I knew that.

0:38:26.239 --> 0:38:29.080
<v Speaker 2>Okay, yeah, be careful. You have to go back to

0:38:29.120 --> 0:38:32.200
<v Speaker 2>the same ACE. It says it like on the sign. Yeah.

0:38:32.280 --> 0:38:35.200
<v Speaker 2>ACE is the place and the only place.

0:38:35.160 --> 0:38:36.440
<v Speaker 1>The helpful hardware folks.

0:38:36.680 --> 0:38:38.080
<v Speaker 2>Isn't that? Yeah? It is?

0:38:38.880 --> 0:38:40.880
<v Speaker 1>Should we end on a few pros and cons?

0:38:41.040 --> 0:38:43.000
<v Speaker 2>Oh, I just real quick want to shout out a

0:38:43.040 --> 0:38:46.520
<v Speaker 2>couple of co ops that are nonprofits. Subvert is an

0:38:46.560 --> 0:38:51.360
<v Speaker 2>alternative to band camp. It's musician owned and then fair,

0:38:51.880 --> 0:38:54.359
<v Speaker 2>which I think is a clever use of the term.

0:38:54.520 --> 0:38:57.840
<v Speaker 2>It's fare. They're an alternative to like Uber and Lyft,

0:38:57.920 --> 0:39:01.279
<v Speaker 2>and they're co ops. Oh okay, yeah, there you go.

0:39:01.640 --> 0:39:03.759
<v Speaker 1>Yeah. I mean that's I got to check out and

0:39:03.800 --> 0:39:04.760
<v Speaker 1>see affairs in Atlanta.

0:39:05.680 --> 0:39:08.920
<v Speaker 2>Okay, okay, I don't use Uber.

0:39:08.960 --> 0:39:10.680
<v Speaker 3>I use Lyft, but I've heard they're bad now too,

0:39:10.719 --> 0:39:13.399
<v Speaker 3>So it's I just don't even know who to get

0:39:13.480 --> 0:39:15.520
<v Speaker 3>rides from when I've had too much to drink anymore.

0:39:15.719 --> 0:39:18.240
<v Speaker 2>Yeah. I used to do Lyft because supposedly they treated

0:39:18.239 --> 0:39:20.120
<v Speaker 2>their people better. And I was talking to a lift

0:39:20.160 --> 0:39:23.200
<v Speaker 2>driver once He's like, no, Lyft is terrible. Now Uber's

0:39:23.360 --> 0:39:25.920
<v Speaker 2>nice to their drivers, and it's like, wow, who can

0:39:26.000 --> 0:39:27.759
<v Speaker 2>keep up with this? So I guess, yeah, just take

0:39:27.800 --> 0:39:28.719
<v Speaker 2>fair all.

0:39:28.719 --> 0:39:30.799
<v Speaker 1>Right, I'm gonna check that out.

0:39:31.000 --> 0:39:35.160
<v Speaker 3>Pros and cons now, yes, all right, well we've mentioned

0:39:35.160 --> 0:39:39.120
<v Speaker 3>some of these along the way. But one pro is,

0:39:41.080 --> 0:39:44.200
<v Speaker 3>you know one we touched on, which was that ratio

0:39:44.239 --> 0:39:47.200
<v Speaker 3>between the highest paid worker and the lowest paid worker.

0:39:47.960 --> 0:39:50.080
<v Speaker 3>They're definitely you know, the co ops. You're not going

0:39:50.120 --> 0:39:52.880
<v Speaker 3>to see things just so out of whack in terms

0:39:52.920 --> 0:39:54.040
<v Speaker 3>of wage earning.

0:39:54.840 --> 0:39:59.160
<v Speaker 2>No, that's huge. Another one that's a pro in favor

0:39:59.200 --> 0:40:00.920
<v Speaker 2>of co ops, not all. All of them are pros

0:40:00.960 --> 0:40:02.960
<v Speaker 2>and favor of co ops. There are some cons too,

0:40:03.200 --> 0:40:05.959
<v Speaker 2>Like you said, pros and cons. But if you work

0:40:06.000 --> 0:40:08.799
<v Speaker 2>for a co op the chances of you getting laid

0:40:08.840 --> 0:40:13.359
<v Speaker 2>off are pretty low, which you would think like, oh, okay, well,

0:40:13.480 --> 0:40:16.360
<v Speaker 2>does our co ops just run and work as staffed

0:40:16.400 --> 0:40:19.920
<v Speaker 2>by lazy people. Turns out no, because as an owner,

0:40:20.040 --> 0:40:23.480
<v Speaker 2>a part owner of this co op, of this company

0:40:23.520 --> 0:40:27.000
<v Speaker 2>that you're working for, you are a manager. So if

0:40:27.040 --> 0:40:31.160
<v Speaker 2>everybody's a manager, they feel emboldened and empowered to police

0:40:31.200 --> 0:40:35.960
<v Speaker 2>other workers. Everybody's just kind of keeping one another honest

0:40:36.040 --> 0:40:38.359
<v Speaker 2>because they all have such a stake in this that

0:40:38.480 --> 0:40:42.080
<v Speaker 2>co op workers tend to actually be more productive and

0:40:42.239 --> 0:40:46.600
<v Speaker 2>happier and less slack than workers who are essentially just

0:40:46.719 --> 0:40:47.400
<v Speaker 2>wage labor.

0:40:47.960 --> 0:40:50.320
<v Speaker 1>Yeah, or what do they call it? Quiet quitting?

0:40:51.440 --> 0:40:53.719
<v Speaker 2>Oh I hadn't heard that, but that makes sense.

0:40:53.920 --> 0:40:54.120
<v Speaker 1>Yeah.

0:40:54.200 --> 0:40:56.239
<v Speaker 3>Quiet quitting is when you're like phoning it in and

0:40:56.280 --> 0:40:58.440
<v Speaker 3>just doing the bare minimum to not get fired.

0:40:58.640 --> 0:41:01.800
<v Speaker 1>Yeah, which is yeah, no good. Everybody.

0:41:02.880 --> 0:41:06.040
<v Speaker 3>One con is or I guess you would say it's

0:41:06.080 --> 0:41:08.680
<v Speaker 3>a pro for a non co op is they tend

0:41:08.680 --> 0:41:10.200
<v Speaker 3>to be able to move a little quicker and add

0:41:10.280 --> 0:41:12.640
<v Speaker 3>quicker on stuff if there's a crisis or if there's

0:41:12.640 --> 0:41:15.920
<v Speaker 3>anything that needs like really fast attention. They don't have

0:41:15.960 --> 0:41:18.880
<v Speaker 3>to sweat, you know, taking boats and asking everyone and

0:41:18.920 --> 0:41:22.640
<v Speaker 3>debating what they think. So that can definitely sort of

0:41:22.840 --> 0:41:27.160
<v Speaker 3>slow down in times of crisis if you're in a

0:41:27.200 --> 0:41:27.560
<v Speaker 3>co op.

0:41:27.840 --> 0:41:31.600
<v Speaker 2>Yes, but that said, you can make quick decisions and

0:41:31.680 --> 0:41:35.480
<v Speaker 2>be more agile as a traditional capitalist company, but you

0:41:35.520 --> 0:41:37.759
<v Speaker 2>can also make the wrong decision and go down the

0:41:37.800 --> 0:41:41.000
<v Speaker 2>strong road. So with a co op, because it's moving slower,

0:41:41.080 --> 0:41:45.240
<v Speaker 2>it's not trying to be on the fortune five hundred

0:41:45.280 --> 0:41:48.480
<v Speaker 2>or anything like that, they can take their time a

0:41:48.480 --> 0:41:51.400
<v Speaker 2>little more, and so they actually tend to outlast a

0:41:51.400 --> 0:41:54.719
<v Speaker 2>lot of other companies I guess compared to other startups,

0:41:54.840 --> 0:42:01.520
<v Speaker 2>co ops tend to last beyond the first five years, say,

0:42:01.640 --> 0:42:05.600
<v Speaker 2>against a tech startup or something like that, because you

0:42:05.640 --> 0:42:08.120
<v Speaker 2>can take your time making decisions enough to be like

0:42:08.200 --> 0:42:09.279
<v Speaker 2>now now now you know.

0:42:09.400 --> 0:42:12.279
<v Speaker 1>Yeah for sure, and yeah, just job satisfaction.

0:42:12.320 --> 0:42:15.040
<v Speaker 3>And we talked about this a few times, but overall

0:42:15.520 --> 0:42:18.719
<v Speaker 3>people that work for co ops tend to report much

0:42:19.239 --> 0:42:22.320
<v Speaker 3>happier lives basically when it turned in terms of their jobs.

0:42:22.600 --> 0:42:27.319
<v Speaker 2>That's right, I guess that's it for co ops, Chuck,

0:42:27.680 --> 0:42:30.719
<v Speaker 2>I think so well. We both agreed that that's it

0:42:30.840 --> 0:42:33.000
<v Speaker 2>for co ops, which means it's time for listener.

0:42:37.320 --> 0:42:39.840
<v Speaker 3>Yeah, there's a follow up on the West Kowloon Walled

0:42:39.920 --> 0:42:44.080
<v Speaker 3>City episode, which I thoroughly enjoyed personally.

0:42:44.160 --> 0:42:44.759
<v Speaker 2>Yeah, me too.

0:42:45.440 --> 0:42:48.040
<v Speaker 3>Hey, guys, just listen to The episode reminded me of

0:42:48.080 --> 0:42:52.200
<v Speaker 3>the Ponta I guess po and t or Ponti City

0:42:52.239 --> 0:42:56.680
<v Speaker 3>Tower and Johannesburg. Ponti City was completed in nineteen seventy

0:42:56.719 --> 0:42:59.640
<v Speaker 3>five and originally intended to be a luxury development for

0:43:00.080 --> 0:43:03.839
<v Speaker 3>the city's rich white folks. However, it quickly descended into

0:43:03.840 --> 0:43:07.120
<v Speaker 3>decay for various reasons, and is widely regarded as becoming

0:43:07.120 --> 0:43:10.920
<v Speaker 3>the world's first quote vertical slum end quote By the

0:43:11.000 --> 0:43:15.080
<v Speaker 3>late eighties, it said that at its worst, the vast

0:43:15.120 --> 0:43:17.920
<v Speaker 3>central core of the building was filled with trash, including

0:43:17.960 --> 0:43:19.560
<v Speaker 3>human remains, all the way.

0:43:19.520 --> 0:43:21.000
<v Speaker 1>Up to the fifth or sixth floor.

0:43:21.800 --> 0:43:24.200
<v Speaker 3>When I was visiting friends in Johannesburg back in twenty thirteen,

0:43:24.239 --> 0:43:25.560
<v Speaker 3>I did a tour of the tower with one of

0:43:25.560 --> 0:43:28.480
<v Speaker 3>the residents. It's a truly astonishing building with a super

0:43:28.480 --> 0:43:31.880
<v Speaker 3>interesting story of grandeur and rapid descent into chaos and

0:43:31.960 --> 0:43:34.799
<v Speaker 3>looks to be coming back again. Ponti has been used

0:43:34.840 --> 0:43:38.560
<v Speaker 3>for sets of several sci fi films. Neil Blombcamp is

0:43:38.560 --> 0:43:41.160
<v Speaker 3>a big fan and was also the inspiration for the

0:43:41.200 --> 0:43:45.880
<v Speaker 3>tower setting of the questionable twenty twelve Dread reboot.

0:43:47.239 --> 0:43:48.760
<v Speaker 1>Thanks for the great stuff. That is from Bobby.

0:43:48.760 --> 0:43:51.319
<v Speaker 3>Bobby sent in a picture from the interior of the

0:43:51.400 --> 0:43:55.000
<v Speaker 3>City Tower and it is indeed super sci fi and

0:43:55.160 --> 0:43:55.839
<v Speaker 3>interesting looking.

0:43:56.080 --> 0:43:57.839
<v Speaker 2>I got to check that out, man, I hadn't heard

0:43:57.880 --> 0:44:01.520
<v Speaker 2>of that at all. That was Bobby, Yeah, Bobby. Well,

0:44:01.520 --> 0:44:03.440
<v Speaker 2>thanks a lot, Bobby. That was a great email. We

0:44:03.480 --> 0:44:05.800
<v Speaker 2>appreciate it. And if you want to be like Bobby

0:44:05.840 --> 0:44:08.600
<v Speaker 2>and tell us about something that we didn't know about,

0:44:08.840 --> 0:44:11.680
<v Speaker 2>we're always welcoming those. You can send it off to

0:44:11.719 --> 0:44:17.440
<v Speaker 2>Stuff Podcasts at iHeartRadio dot com.

0:44:17.600 --> 0:44:20.480
<v Speaker 1>Stuff you Should Know is a production of iHeartRadio. For

0:44:20.560 --> 0:44:24.759
<v Speaker 1>more podcasts my heart Radio, visit the iHeartRadio app, Apple Podcasts,

0:44:24.840 --> 0:44:26.680
<v Speaker 1>or wherever you listen to your favorite shows.