The Growth of Citizen Co-Ops Is a Positive Development As Corporations Fail Us in Every Way

Posted by Trish Riley, January 11, 2010

“A lot of cities are seeing that traditional economic- and job-development strategies have hit a dead end,” said Ted Howard, executive director of the Democracy Collaborative.

Cooperatives offer a potential solution: Through shared ownership and democratic control, co-ops distribute wealth, create jobs and keep control in the local community by allowing people to make the decisions that impact them, instead of leaving those choices to parasite investors who can sell a stock and walk away. Co-ops–whether they be of the worker, consumer, producer or purchasing variety–create a more equitable formation for society that brings decision-making and resource-sharing down to everyone, and investment earnings are not limited to a small group of people.

via The Growth of Citizen Co-Ops Is a Positive Development As Corporations Fail Us in Every Way | Environment | AlterNet.