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.
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