What is a Cooperative?
 

 

The United Nations designated July 4, 2009, as the International Day of Cooperatives. The theme of this year's observance was “Driving Global Recovery Through Cooperatives”.

The Corporation dominates daily; the Cooperative is less known. While the corporate model tends to be global, remote and profit-oriented, the cooperative is more local and people-centred. Cooperatives provide strong alternative business models and institutional diversity for resilience, particularly in times of distress.

A Cooperative is a mutual self-help society, “an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise”. It is not a charity, nor is it not-for-profit, but doing business at a fair wage and price with any surplus at year's end distributed to customers/workers/members.

One of the earliest cooperatives, the Weaver's Society, was formed about 250 years ago in Fenwick, Scotland, to sell discounted oatmeal to local workers. Its services expanded to include assistance with savings and loans, emigration and education. Today we find housing cooperatives, agricultural cooperatives, consumer's cooperatives, and banking cooperatives, to name a few.

Cooperatives are united by a sense of social responsibility and concern for the community in which they operate. “Common to the whole cooperative movement are the values of self-help, self-responsibility, democracy, equality, equity and solidarity”. One of the lessons to be learned from the history of the movement is that by identifying common interests and uniting them with deep values, people make a difference in their own lives, the lives of those around them and in the world.

The Secretary General of the U.N. declared: “Cooperatives deserve greater support. The economic model of cooperatives is based not on charity but on self-help and reciprocity. In countries hit by the credit crisis, the cooperative bank and credit union sector expanded lending when other financial institutions had cut back, easing the impact...on the most vulnerable.”

Like other groups, to be stable and effective, Cooperatives need leaders and members who embody serenity, imagination, creativity, initiative and wisdom, the development of which underlies the work of New Acropolis in its person-centred Philosophy training.

 

 

August 04, 2009

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