ABSTRACT

The system of producer cooperatives envisaged by Karl Marx is a market system where workers become ‘their own masters’ and where capital owners are deprived of decision powers concerning production activity. Cooperative factories provide the proof that the capitalist has become just as superfluous as a functionary in production as musical conductor himself, from his superior vantage-point, finds the large landlord. Much like Marx himself, Altred Marshall too was favourable to the cooperative movement. In self-managed firms, producers cooperate because the surpluses earned are apportioned among all the partners in ways that will help them become ‘solidarity-minded’. Factories prove unable to carry on business autonomously and many of their functions are transferred from individual firms to system of enterprises owned by a single holding company. A cooperative firm is a near proxy for families organised in manners that will enable its members to see to their financial affairs while tackling any other problems they deem to be important.