co-ops existed well before industrialization, as guilds of artisans. Guilds were quite protective of their markets and IPs. You had to inherit the menbership or pay a hefty sum to enter the guilds.
They were oligarchic rather than democratic: only masters were full members. They were monopolies rather than competing in the market: you had to be a member of the relevant guild if you wanted to do business. And they were not businesses: each master ran their own business instead of working for the guild.
They were oligarchic rather than democratic: only masters were full members. They were monopolies rather than competing in the market: you had to be a member of the relevant guild if you wanted to do business. And they were not businesses: each master ran their own business instead of working for the guild.