While we’re on the topic of democratic socialism, why not expand the definition—from improving the way the wealth of the nation is shared (e.g., by raising taxes on the one percent and strengthening the safety net) to exploring new ways of democratizing the enterprises where that wealth is actually produced (e.g., by promoting worker-cooperatives)?
The New Era Windows and Doors Cooperative in Chicago is one such example….Remember that Chicago window company that went bankrupt and the employees took it over?
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New era of democratic socialism
David F. Ruccio | Professor of Economics, University of Notre Dame
2 comments:
But can they compete with the Chinese?
That deep dish Chicago style pizza washed down with a beer is way more expensive than 3 rations of dog brain soup per day......
That's why positioning in markets is crucial when competing with low price manufacturers. There are essentially three tiers in most markets — low-en, mid-range, and high-end. There is also the luxury market for the super-rich.
It's very difficult to compete in the low-end market owing to volume and economies of scale. US manufactures have either thrown in the towel on this, or moved manufacturing abroad.
Small and even medium size firms and entrepreneurs do best in niche markets, especially carving out new niches. There's always opportunity to be located and tapped this way. It takes some creativity.
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