Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!uunet!aplcen!uakari.primate.wisc.edu!brutus.cs.uiuc.edu!psuvax1!psuvm!auvm!BROWNVM!JWS From: JWS@BROWNVM.BITNET Newsgroups: bit.listserv.politics Subject: Re: Worker-owner corporations Message-ID: <90042.1345.JWS@BROWNVM> Date: 11 Feb 90 13:45:13 GMT Sender: Forum for the Discussion of Politics Reply-To: Forum for the Discussion of Politics Lines: 9 Approved: NETNEWS@AUVM Gateway Check out the Weirton Steel Cooperative in Weirton, W.Va. Workers bought up this closed US Steel Corp. plant with loans and second mortgages on their own homes, cut their wages and worked extra hours. The sacrifices paid off. Weirton isn't the largest steel producer in the country, but it is prosperous and it offered these workers an alternative to unemployment. The workers make the day to day decisions about how the plant will run, what sort of product the market demands, how much profit should go back into the business, how much to pocket, etc. They perform all the labor, receive all the profit. Socialism doesn't work? It works in Weirton.