Mondragon Cooperative Corporation

Mondragon Cooperative Corporation is a federation of worker-owned cooperatives based in the Basque region of Spain. Founded in 1956, it operates across diverse industries such as manufacturing, finance, retail, and education. In this model, employees are also shareholders, sharing in the profits and decision-making, which promotes equitable wealth distribution and employee commitment. Mondragon emphasizes social and economic collaboration, democratic governance, and sustainable growth. Its structure aims to balance business success with social responsibility, making it a unique example of a large, successful cooperative enterprise that prioritizes both economic productivity and community well-being.