http://makewealthhistory.org/2009/03/11/what-are-the-co-operatives-anyway/ Because the earth can't afford our lifestyle Thu, 16 Feb 2012 01:11:11 +0000 hourly 1 http://wordpress.com/ http://makewealthhistory.org/2009/03/11/what-are-the-co-operatives-anyway/#comment-2982 Thu, 12 Mar 2009 10:12:55 +0000 http://makewealthhistory.org/?p=1913#comment-2982 Yes, and those that voted for the windfall payment in the wave of de-mutualizing demonstrate our current economic problem rather well – short term gain over long term profitability.

]]> http://makewealthhistory.org/2009/03/11/what-are-the-co-operatives-anyway/#comment-2975 Wed, 11 Mar 2009 22:24:08 +0000 http://makewealthhistory.org/?p=1913#comment-2975 I’d say that building societies are also co-ops (although not “the” Co-op). I like to point out that: (1) every one of the building societies that demutualised in the 80s and 90s has either been taken over by a conventional bank or been nationalised, and (2) while the current economic crisis is destroying banks and sucking up barely-conceivable amounts of public funds, building societies are having no such problems!

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