![]() ![]() ![]() ![]() They exist to fulfill their mission statement, not increase shareholder value.Īccording to neoliberalism, these kinds of firms shouldn't even exist at all there needs to be a charismatic visionary corporate monarch, markets punish non-competitive firms, and people only act in their own individual self-interest.īut, cooperatives *have* existed for over 2 centuries, and today, over 1 billion people are members of a cooperative producing hundreds of billions each year. There is no top-down hierarchy of power nor a capitalist or group of shareholder-investors at the top that only care about making a quick buck. Cooperative firms differ from capitalist firms in two major ways: (1) they're democratically organized and managed, and (2) ownership and any profits are distributed to owner-members. ![]()
0 Comments
Leave a Reply. |