I’ve heard that it’s difficult for co-ops to borrow money, something about there being too many owners.
It seems to be a pretty rare structure. In Canada we had Mountain Equipment Co-op which was a great national company for a bit until the leadership was captured and they sold the entire thing off to a corporate interest. It’s lost all ethos and is just a very expensive lifestyle brand now.
There’s a gal on TikTok, I think her name is Madeline, that runs a business that she owns as sole proprietor (to please banks) but everyone in the company including her makes exactly the same day-rate pay. Decisions are made democratically. She’s writing a book about her experience doing this.
All structures are vulnerable to capitalists though. As soon as people get complacent someone smells profit and exploits it.
I’ve heard that it’s difficult for co-ops to borrow money, something about there being too many owners.
It seems to be a pretty rare structure. In Canada we had Mountain Equipment Co-op which was a great national company for a bit until the leadership was captured and they sold the entire thing off to a corporate interest. It’s lost all ethos and is just a very expensive lifestyle brand now.
There’s a gal on TikTok, I think her name is Madeline, that runs a business that she owns as sole proprietor (to please banks) but everyone in the company including her makes exactly the same day-rate pay. Decisions are made democratically. She’s writing a book about her experience doing this.
All structures are vulnerable to capitalists though. As soon as people get complacent someone smells profit and exploits it.
Yes I’m very familiar with Madeline and I need her book NOW