4 ms·
Cooperatives are for profit companies. I'm unsure why you think they're not or why they did not fall under my definition of 'for profit' company. That being sa
by tathougies 7y ago
Cooperatives are for profit companies. I'm unsure why you think they're not or why they did not fall under my definition of 'for profit' company.
That being said. Cooperatives do have executive classes and they do soak up value from labor
Also traditional for profit companies would theoretically allow local stakeholders to reap profits but I do agree that due to unjust sec rules about accredited investors designed to protect the rich, this can not happen
- ixtli 7y agoWell ok, but I never implied (or meant to) that co-operatives aren't trying to generate profit for reasons that include less of that profit generation ending up in the hands of people who do less, at least in the co-ops im familiar with. They are more efficient than the predecessor organization style. I definitely did imply that they had no executive class, though, which is wrong.