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> if the coop made too much money it redistributed the profits back out as credits to member accounts. This is great and all, but wouldn't that money be more e
by ambicapter 10y ago
> if the coop made too much money it redistributed the profits back out as credits to member accounts.
This is great and all, but wouldn't that money be more effectively utilized maintaining or upgrading the grid or investing in renewable energy? Seems like the co-op model never really invests in progress.
- Doctor_Fegg 10y ago"never"? The (UK) Co-operative Bank was 99% powered by renewables in 2014.
- NathanKP 10y agoI don't think coops are necessarily anti maintenance or investment. Obviously they have to maintain their core business just like any other business. The difference is a for profit company distributes extra profit that they have on top of their basic needs out as dividends to big investors and as salary for a CEO. On the other hand a coop distributes that same money out to all the customers.