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Mixed fortunes as solidarity economy takes root in Greece | World news | The Guardian

This is big, really really big. Buried in this article about the Greek people coping with their incredible money crisis is this:

“There 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,” 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

And How to go about it and why.
via Mixed fortunes as solidarity economy takes root in Greece | World news | The Guardian.

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