Hacker News Reader

Why don't cooperatives of IT professionals exist? It's a business with low capital entry and high dividends.

Workers should prefer to own their company as risks are really low (in contrast to other industries).

AFAIK, Galois is 100% employee owned: https://www.galois.com/life-at-galois

I know people working both at Galois and Mondragón, and they seem to be relatively similar in spirit.

They might be rare, but they do exist: https://en.wikipedia.org/wiki/Igalia

Igalia is very serious about worker ownership. They aren't legally structured as a cooperative, as they don't technically meet the definition - as I understand it, they were nervous about the idea of committing wholly to new employees getting an equal vote right away, so there is a longer, more gradual process through which employees become owners and gain voting rights. But a very large fraction have them, and (like a cooperative) their rights are legally enforceable.

Reply on news.ycombinator.com