From P2P Foundation

Shann Turnbull's "Design Criteria for a Global Brain"

URL = http://www.thecorporatelibrary.com/special/turnbull/turnbull11.html

Description

Shann Turnbull "identifieS key lessons to learn from Mondragon, "a network of stakeholder-controlled enterprises located around the town of Mondragon in Northern Spain. A World Bank study found that these firms were more efficient than investor owned firms. Like mutual enterprises the stakeholder firms do not require equity investors to bring them into existence or to make them efficient.

Over 80% of investor owned firms typically fail in their first five years compared with less than 1% of the Mondragon firms."

Source: A New Way to Govern: Organisations and society after Enron.