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View Diary: Small Scale Socialism (39 comments)

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  •  Correction I posted in another diary tonight. (6+ / 0-)

    People in the co-op world try to correct the notion that co-ops are "non profit" because they are businesses and they do make a profit. The difference is in who the profit, or margin, benefits. Co-ops are "not for profit" in that they are not established for that purpose. But for the sake of their members, they better make one. They aren't non-profits. Thanks.

    Also, there are producer co-ops in addition to consumer and worker co-ops, and those are among the largest and most established.

    "So, am I right or what?"

    by itzik shpitzik on Fri Aug 19, 2011 at 07:30:51 PM PDT

    •  Mutual benefit non profit corporation (3+ / 0-)

      I think that's the term for the overarching concept that the cooperative structure falls under. It's not a charitable organization, you don't get tax exempt status from it, that's the main thing. It exists for the betterment of the members, not society. I wouldn't want some big pharmaceutical advertising cooperative to get tax exempt status, would you?

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