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That's true of conventional businesses too, though. It's not like banks hand out loans to anyone who walks in off the street with grandma's best bolognese recip
by MrJohz 3y ago
That's true of conventional businesses too, though. It's not like banks hand out loans to anyone who walks in off the street with grandma's best bolognese recipe.
- hot_gril 3y agoEven more money for the coop, though. Like, enough to not need other investors/banks.
- MrJohz 3y agoCoops also use banks and can have investors.
- hot_gril 3y agoA business with stakeholders who aren't employees is not a co-op.
- MrJohz 3y agoThat is a very unusual definition of worker co-ops.
- hot_gril 3y ago"A worker cooperative is a cooperative owned and self-managed by its workers" is what Wikipedia says. If investors are given stake in the company, it no longer matches that definition. It's not just a technicality, it changes the incentives to being for the profit of the investors.