The Co-operative Economy

The co-operative economy is a system where individuals collaboratively own and manage businesses or services, sharing in decisions and profits. Each member has a voice, emphasizing fairness and community well-being over pure profit. Examples include worker co-operatives, where employees control the workplace, and consumer co-operatives, owned by the people who use their services or buy their goods. This approach promotes economic democracy, sustainability, and social equity, aiming to meet members’ needs collectively rather than prioritizing shareholder profits. It encourages cooperation over competition, fostering a more inclusive and resilient local and global economy.