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by PaulRobinson 523 days ago
Customer owned co-operatives are an established business model. First one was founded in Rochdale, England, in 1844, and is still operating today as a convenience chain called simply "Co-op", across the UK.

The main advantage to this is that it gives customers incentive to support the business financially, not just take the assets. You can still have cashflows in way that don't exist in open source models, and around products that can't be open sourced (like loafs of bread, pints of milk, as per the Co-op model).

1 comments

SWIFT is the cooperative of banks, for instance.