Michael Peck's blog

Many high impact, triple bottom-line ESOPS led by conscientious owners, investors, and worker-owners rise to the highest standards of fairness and inclusion. However, problematic ESOPS risk unloading unsustainable debt while practicing multi-class stock ownership that usually places workers at the bottom of the heap especially when markets turn downward similar to those infamous collateral debt obligation pyramid structures greatly responsible for the 2008 market crash, Great Recession, and subsequent public loss of trust.
Today’s global social economy debate on inhibiting inequalities (wealth aggregation, social mobility, and basic opportunities) illustrates the vital roles that structure and values play to foster community-focused, triple bottomline, socially-oriented businesses that can’t be outsourced. Similar to the progressive advocacy media depiction of Jackson Rising: Creating the Mondragon of the South there is so much Appalachian hilltop and valley academic centers can do to organize and network inspiring rust belt graduates into a better future that allows them not only to be home-schooled but also locally and gainfully employed.
Similarities abound between today’s declining civic ethos and mid nineteenth century, pre Civil War era human flesh markets starting with America’s contemporary desperation class composed of minimum wage workers toiling in America’s most praised corporations (e.g. Wal-Mart & McDonalds) who need public sector-funded food stamps to make basic ends meet.
It appears that the new formula for American private sector competitiveness is staring the country in the face.

A new worker-ownership evolution-revolution featuring more virtuous capitalism communities of practice is demonstrating that doing well can realistically and profitably be based on doing good. This brave new economic world is emerging from green-shoot, “made in America” antidotes to structural unemployment and income inequality, sprouting ubiquitously among increasing absentee-owner-plagued urban and rural geographies.

The Mondragon Cooperative Group is ranked not only as the world’s largest worker-owned industrial cooperative group, but also as the top Basque industrial group, tenth in Spain with 80,000 personnel, a presence in 70 countries, and winner of the 2013 Financial Times “Boldness in Business” award.

The debate over who lost Detroit and how to fix it rages on while Politico reports in “Break-up-the-big-banks fever hits the states” that legislators from “at least 18 states have introduced resolutions this year calling on Congress to split up banking giants by putting back in place a wall between commercial banking, taking deposits and making loans, and investment banking, the world of traders and deal-makers.” It turns out that quarantining the banksters and salvagi

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