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[–] 20 points 1 year ago (4 children)

Not sure why more companies aren’t co-ops.

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  • [–] 16 points 1 year ago (2 children)

    Because most businesses need initial capital to scale enough to survive, and too many workers live paycheck to paycheck.

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  • [–] 4 points 1 year ago (1 child)

    That’s right. Hopefully there would be banks willing to loan some seed money.

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  • [–] 7 points 1 year ago* (last edited 1 year ago)

    Banks are too risk averse, they prefer the devil they know, and they like having a few rich people to point fingers at if the business goes sideways.

    There are a few funds investing in cooperatives, but I've never looked at how they work, and that's not where most of the money is.

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