Wednesday, April 18, 2012

2012: The Year of the Cooperative

February 1, 2012, Yes! Magazine

The United Nations has named 2012 as the International Year of Cooperatives, and indeed, co-ops seem poised to become a dominant business model around the world. Today, nearly one billion people worldwide are cooperative member-owners. In Ethiopia, cooperation helps women and men rise above poverty. In Germany, half of renewable energy is owned by citizens.

In America, 93 million credit union member-owners control $920 billion in assets. And in Basque Country, a 50-year-old worker co-op has grown to become a multinational, cooperative corporation. Founded in 1956 ... Mondrag√≥n is the world’s largest cooperative, and Spain’s seventh largest business. Mondrag√≥n has operations in 19 countries and employs 83,000 worker-owners. Yet for every international job the company creates, it employs two people in Spain. The UN ... in 2012 will dedicate its efforts to raising awareness of co-ops, helping them grow and influencing governments to support them legislatively. Thirty percent of Americans belong to cooperatively-owned credit unions, the largest of which serves 3.4 million Department of Defense employees and has $45 billion in assets. “Cooperatives ... promote the fullest possible participation in the economic and social development of all people. [They] are becoming a major factor of economic and social development and contribute to the eradication of poverty.” - UN Resolution 64/136, 2010. The cooperative model is expected to be the world’s fastest-growing business model by 2025. UN Secretary General Ban-Ki Moon [says] “Cooperatives are a reminder to the international community that it is possible to pursue both economic viability and social responsibility.”
Note: How sad that we've heard hardly a peep out of the major media about this inspiring trend towards cooperatives. For an abundance of other inspiring major media articles, click here.

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