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abujazar 4 hours ago

The post is written like as if consumer coops is a radically new idea (spoiler: they're everywhere in Europe). Unfortunately they have long since succumbed to the same mechanisms as their competitors and have a tremendous power concentration in top leadership, with directors making ridiculous salaries. On paper though, e.g. Coop with a 25 % market share in Norway is owned and controlled by about 1 million of its customers.

lstodd 4 hours ago | parent [-]

Hah, so this. USSR had it formalized in form of PotrebCoop, literally consumer cooperative in 1921.

rainingmonkey 3 hours ago | parent [-]

Consumer cooperatives go back to at least 1844

https://en.wikipedia.org/wiki/Rochdale_Society_of_Equitable_...