> Who would bear the risk? Who would bear the losses? Also, what would happen to bad drivers on the system, would they get fired like Uber fires them? You're t

> Who would bear the risk? Who would bear the losses? Also, what would happen to bad drivers on the system, would they get fired like Uber fires them? You're talking as if this were some bizarre new thought-experiment that no-one's properly thought through. Co-operative supermarkets exist. Co-operative department stores exist. Bad employees at Waitrose can get fired like at any other supermarket (though obviously they're generally better treated than at privately-owned ones). You seem to be imagining a cooperative as a collection of free agents who have complete autonomy and can never be fired. That model probably exists, but that's not what people typically mean when they talk about cooperatives, especially in the context of the UK, as the politician in the OP is. What they mean is a structure like the John Lewis Partnership (which has been around since 1929), wholly owned by a trust whose employees are its beneficiaries. Which means any profits are distributed among its employees, who also get a say in the running of the business. But it's still a limited company, so it's still run by its executive team (albeit one which is ultimately accountable to the employees), and risk, losses etc. all work as normal for a limited company.