Communism During The Cold War

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For a long time it was thought that there are only two approaches in economics, Communism, which was driven from economic theories of Karl Marx (Gans et al., 2012), and Capitalism, which mostly comes from theories of Adam smith (Gans et al., 2012). This disagreement led to biggest and most effective phenomenon of 20th century called Cold War. During this war a silent and humble but courageous and effective movement started and developed in Basque, Spain. The idea was simple; workers, owners and managers are same people. Their idea was brilliant and sustainability and development of the cooperatives are witnesses to this fact. Mondragon Cooperative Corporation (MCC) is the first and one the best examples of the cooperative corporations (Hogner, 1993) …show more content…
P, Macknight, E C, Donnelly, H, Democratic, 2012, Enterprise: Ethical Business for the 21st Century, Available at SSRN: http://ssrn.com/abstract=2041159 or http://dx.doi.org/10.2139/ssrn.2041159
Mondragon Annual report, 2009, Mondragon Cooprative Corporation, http://www.mondragon-corporation.com/LinkClick.aspx?fileticket=TeHx6JRmJRE%3D&tabid=331
Modragon-corporation official website, 2013, Cooprative culture, Mondragon Cooprative Corporation, viewed 13 May 2013, <http://www.mondragon-corporation.com/ENG/Co-operativism/Co-operative-Experience/Co-operative-Culture/Open-Admission.aspx>.
Nielsen, R P, 2008, The private equity-leveraged buyout form of finance capitalism: ethical and social issues, and potential reforms, Business Ethics Quarterly, Volume: 18 Issue: 3
Patrick Bond, What is over productivity, The Marx mail online Journal, Available at: http://www.marxmail.org/faq/overproduction.htm
Payscale, 2013, 100 fortunate CEO pay in perspective, Payscale website, viewed 16 May 2013, http://www.payscale.com/data-packages/ceo-income/fortune-100
Rampling, P N, From Agency to Stakeholder Theory: Realigning Executives Focus (August 17, 2012). Available at SSRN:

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