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This prompted me to try to understand what a co-op really is. I read the wikipedia page, and still don't really get what keeps it separate from a regular busine
by imh 10y ago
This prompted me to try to understand what a co-op really is. I read the wikipedia page, and still don't really get what keeps it separate from a regular business, except for ideals. At a co-op like this, they would still need programmers to fix inevitable bugs in the app, marketing/logistics people to figure out how to get traction (because that doesn't just happen by itself) and expand to new cities, and managers to coordinate, and everything else a regular company needs (financial, HR, etc). It ends up sounding like what I think of as a regular company. What's the difference?
- fineIllregister 10y agoThe employees would own the company, including any programmers, etc. There would be no shareholders to pay out to, so the money that would have been paid out as dividends could be saved by consumers and/or given to employees.
- hiou 10y agoInvestors, shareholders, owners etc.