4 ms·

> Unions aren't structured for investing, and that's not their reason to exist. Depends on the union. A credit union is structured for investing and is literal

> Unions aren't structured for investing, and that's not their reason to exist. Depends on the union. A credit union is structured for investing and is literally their reason to exist.

alephnerd 2y ago
Yk a Labor Union is entirely different from a Credit Union right?
- aleph_minus_one 2y ago
  For sure, but who says that they can't become more similar ...
- randomdata 2y ago
  Typically[1], but both are unions. Had the previous commenter been talking about labour unions then you might have something, but it clearly says "union" and "union" alone. [1] Although definitely not necessarily. A group of labour unions in these parts collectively own one of the largest hedge funds out there.
  - alephnerd 2y ago
    > Unions should put their money where their mouth is and invest in cooperatives As in Labor Union. Pedantry and HN - name a more iconic duo.
    - randomdata 2y ago
      If labor was somehow significant to union, it would have been mentioned.
      - alephnerd 2y ago
        In colloquial American English, "Union" denotes "Labor Union".
        randomdata 2y ago
        What, then, does American English call a union?
        alephnerd 2y ago
        What do you mean? In English a single word can have multiple meanings. A "Labor Union" is colloquially a Union. A marriage is also called a "Union". And so is the mathematical operation joining two sets.
        randomdata 2y ago
        Union in the broad labour union sense, but without the labour specificity. The same union we’ve been talking about all along. Not sure why you think we’d randomly change the topic all of a sudden for no reason…
triceratops 2y ago
Most marriages - a kind of union - also don't invest in cooperatives. Even if they meet the accredited investor standard. Neither does the Union of European Football Associations, otherwise known as UEFA. They make up for it with a dope anthem. Neither the Kalmar Union, nor any other personal union of monarchs, ever invested in a cooperative. Although some may have invested in joint stock companies, such as the various East India companies. Maybe the Soviet Union was into worker cooperatives? Not sure. And finally, the union of the set of workers at cooperatives and the empty set invests in cooperatives. Hey look, we found one type of union that definitely invests in cooperatives! (I was just having fun making this as absurd as possible. Sorry, no malice intended).
- randomdata 2y ago
  > Most marriages - a kind of union - also don't invest in cooperatives. Is that because most marriages exist in urban centres where cooperatives are uncommon to non-existent? Out here in rural country, where cooperatives are the norm, most married people invest in cooperatives as most of the cooperatives are customer owned. You don't have much choice but to invest, assuming you want to be a customer – and no doubt you want to be, given that they provide basic services for the region. I'm certainly an investor in several co-ops, and not because I went out of my way to do so. That is, with the exception of one co-op, which I provided additional investment to. That particular co-op runs a very successful operation and provides healthy returns in what is a comparatively stable environment to those who provide an over-and-above investment. They attract quite a lot of investment dollars as a result. Which says something about unions that aren't investing. Why aren't they investing? Simple: The companies they see in front of them aren't worth investing in.

> Unions aren't structured for investing, and that's not their reason to exist. Depends on the union. A credit union is structured for investing and is literally their reason to exist.

alephnerd 2y ago

Yk a Labor Union is entirely different from a Credit Union right?

aleph_minus_one 2y ago
For sure, but who says that they can't become more similar ...
randomdata 2y ago
Typically[1], but both are unions. Had the previous commenter been talking about labour unions then you might have something, but it clearly says "union" and "union" alone. [1] Although definitely not necessarily. A group of labour unions in these parts collectively own one of the largest hedge funds out there.
- alephnerd 2y ago
  > Unions should put their money where their mouth is and invest in cooperatives As in Labor Union. Pedantry and HN - name a more iconic duo.
  - randomdata 2y ago
    If labor was somehow significant to union, it would have been mentioned.
    - alephnerd 2y ago
      In colloquial American English, "Union" denotes "Labor Union".
      - randomdata 2y ago
        What, then, does American English call a union?
        alephnerd 2y ago
        What do you mean? In English a single word can have multiple meanings. A "Labor Union" is colloquially a Union. A marriage is also called a "Union". And so is the mathematical operation joining two sets.
        randomdata 2y ago
        Union in the broad labour union sense, but without the labour specificity. The same union we’ve been talking about all along. Not sure why you think we’d randomly change the topic all of a sudden for no reason…

triceratops 2y ago

Most marriages - a kind of union - also don't invest in cooperatives. Even if they meet the accredited investor standard. Neither does the Union of European Football Associations, otherwise known as UEFA. They make up for it with a dope anthem. Neither the Kalmar Union, nor any other personal union of monarchs, ever invested in a cooperative. Although some may have invested in joint stock companies, such as the various East India companies. Maybe the Soviet Union was into worker cooperatives? Not sure. And finally, the union of the set of workers at cooperatives and the empty set invests in cooperatives. Hey look, we found one type of union that definitely invests in cooperatives! (I was just having fun making this as absurd as possible. Sorry, no malice intended).

randomdata 2y ago
> Most marriages - a kind of union - also don't invest in cooperatives. Is that because most marriages exist in urban centres where cooperatives are uncommon to non-existent? Out here in rural country, where cooperatives are the norm, most married people invest in cooperatives as most of the cooperatives are customer owned. You don't have much choice but to invest, assuming you want to be a customer – and no doubt you want to be, given that they provide basic services for the region. I'm certainly an investor in several co-ops, and not because I went out of my way to do so. That is, with the exception of one co-op, which I provided additional investment to. That particular co-op runs a very successful operation and provides healthy returns in what is a comparatively stable environment to those who provide an over-and-above investment. They attract quite a lot of investment dollars as a result. Which says something about unions that aren't investing. Why aren't they investing? Simple: The companies they see in front of them aren't worth investing in.