A cooperative way of life
Cooperatives are not new, and the number are growing not only here in the UK but internationally. Cooperatives have a huge potential in helping reshape the economic and democratic future of Yorkshire's communities for the better, just as they are doing around the world.
Cooperatives come in many shapes and sizes, covering every economic sector. They are controlled by their members, who benefit from any financial surpluses and actively participate in setting policies and making decisions. Members have equal voting rights (one member, one vote).
Cooperatives focus on strengthening the community they exist to serve; they can reach out to the most vulnerable and disadvantaged in their area and are a vehicle for upward mobility.
For our purposes, we would like to highlight just three types of cooperative:
- Consumer Cooperatives: these are owned by consumers who buy goods or services from their cooperative.
- Worker Cooperatives: these are owned and democratically managed by its employees.
- Housing Cooperatives: are designed and managed by their residents.
We talk more about the potential role of Consumer Cooperatives and Worker Cooperatives on the page about a new kind of economy.
For now, we would like to concentrate on the role Housing Cooperatives could play in creating inspiring places to live.