Why don’t more people start profit-sharing companies or co-ops?
Why don’t more people start profit-sharing companies or co-ops?
I’ve known a few in the U.S., and even worked at one. Maybe people won’t become billionaires doing this, but why wait for a complete overhaul of society to implement more of what are good ideas.
I’d also like to see more childcare co-ops, or community shared pre-k schools. Wheres the movement to build communities and pool resources around these business models in the US? In short, co-ops are the closest socialist/communist business model that’s actually implemented in the U.S., so why are more leftists not doing this?
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I think a lot of people don't know what co-ops are. I have been pretty left leaning my whole life and I only found out co-ops in my late 20s and the majority of people I talked to in real life have no idea what coops are. And from that few that do know, many dont know how big cooperatives can be.
For the uninitiated, I am sharing the [International Cooperative Alliances definition of coops here: https://ica.coop/en/cooperatives/what-is-a-cooperative
and the list of largest coops in 2023 here: https://ica.coop/en/media/library/research-and-reviews-world-cooperative-monitor/world-cooperative-monitor-2023
Screenshot of the top 10 coops based on turnover in USD from the report here:
FWIW, according to this site, 24% of Germans are co-op members. The number of co-op employees is only a fraction of this, however.
I'm currently educating myself on how to create a co-op shares portfolio for some long-term investment.