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Coops also use banks and can have investors.
by MrJohz 3y ago
Coops 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.