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by robertlagrant
552 days ago
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There are a few employee co-ops, but I don't know how good they are. Over here in the UK we have the Co-op[0], which is a national chain of small local shops. It's a consumer co-operative rather than a workers' cooperative, though. I don't know how well it works, or what its challenges are, but it definitely exists. [0] https://www.co-operative.coop |
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Nationwide is another example of a successful cooperative as well (large UK bank, particularly in the mortgage space). They're customer and employee owned I believe, my wife and I got £200 last year as a profit share for being customers.
I'm a huge fan of the model, but it's difficult to get going. I think they're also more expensive to run as their operations tend to be a little more complex.