This is big, really really big. Buried in this article about the Greek people coping with their incredible money crisis is this:
â€œThere were a lot of ideas circulating before, but in the context of the crisis there was an incentive to put them into action. The other part was need, you had a lot of people who had lost their jobs,â€ said Ilias Ziogas, of the Syn Allios (Together with Others) cooperative, set up in 2011 to sell fair-trade goods.
It has managed to increase sales as regular shops have failed
Traditional (capitalist) business startup failure rates after 5 years are in the 95% range, even in *good* economic times. At the same time, 80-90% of co-ops are still going strong.
Right now, in the US, more businesses are dying than being born. It’s time to bring co-ops to the fore, with financial and legal support.
Here is the most famous success story, Mondragon