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It’s hard to obtain startup capital for cooperatives, because if the people supplying the capital want equity, then it’s no longer a cooperative. So they have
by fallingfrog 5y ago
It’s hard to obtain startup capital for cooperatives, because if the people supplying the capital want equity, then it’s no longer a cooperative. So they have to get loans, and banks that offer loans don’t want to take risks.
Once established however worker cooperatives do very well.