Add precedents.md: Mondragon's Caja Laboral, the US National Consumer
Cooperative Bank, Italy's Coopfond and Marcora Law, each with what went
wrong. Add a support lottery to the pilot (intensive help for a random
half, advisers walled off from lending, all help counted against the
bank), count distressed mergers as closures, and replace unsourced
precedent claims on the bank and argument pages.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Claude-Session: https://claude.ai/code/session_01QWPs69B8nQZjtPEUXMKzZx
Add the-long-run.md: the Furubotn-Pejovich worry, the French and
Italian evidence, the plywood "failure of success", and four rules:
the reserve takes its share of pay above the going rate, asset-sale
gains go to the reserve, qualifying development can be spread over
five years with abandonment charged to those who chose it, and
accounts earn Treasury+2 only while at risk. Update capital accounts,
worker ownership, the pilot's measures, open problems and the index.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Claude-Session: https://claude.ai/code/session_01QWPs69B8nQZjtPEUXMKzZx
Add capital-accounts.md (profit split, cash share, formula interest,
payout rules, solvency test, savings protections, worked outcomes).
Rewrite founder-problem.md with a discounted co-op vs conventional
comparison, the risk evidence (Hall-Woodward, Hamilton), and bounded
founder tools. Add founder-related measures and safeguards to the
pilot pages, and renumber open problems.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Claude-Session: https://claude.ai/code/session_01QWPs69B8nQZjtPEUXMKzZx
jheapsandClaude Opus 5.5