But, what the Wall Street Journal also does not mention is that much of Mondragon's business is providing capitalist manufacturers with cheap parts and supplies.
And, worse yet is that what these workers have really lost in investing in these now bankrupt enterprises is their wages which means they have worked for next to nothing all this time.
But, not mentioned at all is what happened to all this money (wealth). Wealth just does not vanish into thin air--- this is one more way wealth get transferred... once, again, to the top. In the , the capitalist financiers and bankers get it all. Something else lost on the Wall Street Journal and those pushing Mondragon as an alternative to capitalism.
There is no escaping the need to challenge Wall Street and the other big financial centers across the world for political and economic power which requires a well organized and intense class struggle... something the promoters of these cooperative schemes try to evade as they try to convince workers there are ways around bringing mines, mills and factories under public ownership which is going to require the nationalization of entire industries.
In fact, these Mondragon workers are as bad off now with the closing of Fagor as the thousands of workers who were employed by Whirlpool in Benton Harbor, Michigan as their jobs were sent overseas as this article in the Wall Street Journal noted.
Members of the USW who have been sucked into this Mondragon scheme in Pennsylvania building components for wind generators will fair no better... this is why their contract and the details of what the workers are investing is guarded in absolute secrecy.
And this should serve as a warning to those like Gar Alperovitz who pushes these schemes as an alternative to nationalization and public ownership of the mines, mills and factories.
Of course, millionaire labor "leaders" like Leo "Red-baiting" Girard will end up enriching himself even further as Mondragon workers in Pennsylvania lose their shirts in his Mondragon scheme.