The Cooperative Solution: Toward a Just Economy

Name: The Cooperative Solution: Toward a Just Economy
Author: Richard C. Williams, fl. 1972

presented by Richard C. Williams, fl. 1972 (Lanham, MD: University Press of America, 2011), 110 page(s)

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Abstract / Summary: All over the world, poverty is gradually giving way to cooperative economic activity. At the same time, there are signs that standard competitive 'free' markets are failing. Empirical evidence shows that cooperation works better than competition and that cooperatives succeed more often than standard corporations. Assumptions underlying the competitive system are that competition results in equity for all and that poverty can be eliminated through the market. These assumptions simply are not true. On the contrary, the rich get richer; the poor, poorer. Cooperatives, where each member holds one share and one vote, are more democratic than hierarchical corporations. Poverty is actually eliminated through a combination of microfinance and cooperation. Examples include Muhammed Yunus' Grameen Bank, Indonesia's People's Bank, and the cooperative adventure of Mondragon in Spain. These examples provide a vision of true globalization from below, a vision of a just and sustainable world. The 'how-to' is right here.
Field of Interest: Social Work
Content Type: Book
Duration: 0 sec
Format: Text
Page Count: 110
Publication Year: 2011
Publisher: University Press of America
Place Published / Released: Lanham, MD
Subject: Social Work, Social Sciences, Psychology & Counseling, Poverty, Finance, Economic conditions, Cooperatives, Poverty, Macro
Clinician: Richard C. Williams, fl. 1972