It seems to me that pointing to Mondragon[1] and Semco is misleading, as neither are sovereign nations with all the pesky little details that entails. It's great that Mondragon is (per Wikipedia): "the seventh largest Spanish company in terms of turnover and the leading business group in the Basque Country", but there are lots of other variables at work in the Basque/greater Spain dynamic. Besides, anyone who has watched the economic news recently would realize that Spain is not exactly a shining model of economic prosperity.
As I see it, the fundamental flaw in socialism always boils down the facts that a) a great many people like power and won't willingly give it up, b) these are the people who historically wind up in control of political structures (including unions), and c) as Dame Thatcher observed, sooner or later you run out of other people's money.
As I see it, the fundamental flaw in socialism always boils down the facts that a) a great many people like power and won't willingly give it up, b) these are the people who historically wind up in control of political structures (including unions), and c) as Dame Thatcher observed, sooner or later you run out of other people's money.
[1] http://en.wikipedia.org/wiki/Mondragon_Corporation