JimBowie1958
Old Fogey
- Sep 25, 2011
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- #21
I too am a Co Op member.Apples and oranges.
Large 'Co Ops' are ultimately run by directors voted for by the members.
Literally zero difference than a corporation with a board of directors voted in by the shareholders.
No, co-ops are not run for a profit motive, but for the advantage of its membership, where the corporation is run primarily for profit.
For example while a bank will likely charge the interest rates that the market and law will allow, credit unions only charge what they think covers their costs and risks, which is why I am in a credit union rather than a bankster union.
In the end it always has to come down to every group must have it's leaders> Apple.
The 'members' of the restaurant believed they could survive by running the business with a 'consensus' model.
Didn't work. Dosen't work. Never has worked. Never will work>Orange.
Oh, without a doubt, leadership evolved within the human race as a survival mechanism and ideological horse shit will never over come that simple shard from Reality.
Even in Communist countries there are always the 'leader class' to oversee the eventual collapse of the Communist model.
These 'leaders' live lives of opulence while the half starved masses line up for hours for a loaf of bread.
The FIRST thing any group of people does who find themselves in a survival situation is to identify a leader. It's human nature going back to the cave man days.
A few vegan man-bun' dopers all working 'hours of convenience' at a restaurant has once again proven the point.
Lol, it has with no doubt, but once again, the co-op as a business model is the most survivable for obvious reasons, and what this diner was doing was not really a co-op intended to survive but was a MARXIST social experiment doomed to very predictable failure.
My yearly Co op financial statement for the last thirty years has always shown a nice fat profit margin.
The members invest and expect a gain on their investment comparable to what a conventional bank promises.
I don't see much daylight these days between a CoOp bank and a conventional bank.
Yes a few decades ago Co OPs were a slightly cheaper place to borrow money but not today. At least not with my Co Op.
The biggest newest fanciest tallest building near where I live is the Credit Union building.
That is all well and good but if you think that your co-op credit union is not any cheaper and.or more stable than a typical bank, you might consider moving your money elsewhere.