In Practice
Common ownership is practised by large numbers of voluntary associations and non-profit organizations, by all charities, as well as implicitly by all public bodies. Most co-operatives have some element of common ownership, but some part of their capital may be individually owned.
A very significant early influence on the movement has been the Scott Bader Commonwealth, a composites and speciality polymer plastics manufacturing company in Wellingborough, Northamptonshire, which its owner, Ernest Bader, gave to the workforce in installments through the late 1950s to early 1960s. (Contrary to the popular concept of common ownership organisations as being small organisations, this is a high-technology chemical manufacturer whose turnover has exceeded £100 million per annum since the early 1990s with a workforce of hundreds.)
In London, Calverts is another rare example of an established worker co-operative with a policy of pay parity. The John Lewis Partnership is probably the most famous example of a worker co-operative, albeit one without pay parity. From the collective movement, one of the most successful ventures is probably Suma Wholefoods in Elland, West Yorkshire.
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Famous quotes containing the word practice:
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