The Meaning of Mondragon
Bernard Marszalek
A picturesque town in the Basque region of Spain has become a Mecca for progressive pilgrims, videographers and journalists. And every few months a glowing report announces that this town, nestled in a lush valley encircled by wooded mountains, holds the future. A future of responsible capitalism, or future socialism, or future, whatever. The tag line depends on the visitor’s agenda.
What’s so special about this town? Something extraordinary for a town with fewer than 25,000 inhabitants, it happens to be headquarters for a complex of modern manufacturing enterprises, a bank – one of the largest in Spain, a university, and more. All these enterprises are tied together to form the Mondragon Corporation, which ranks in the top ten of industrial conglomerates in all of Spain, and it’s a cooperative enterprise.