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91-482: The first 34 houses were built in 1913 and more were built from 1919 to 1923, occupying an area between Pen-y-dre and Lon Isa which became known as Rhiwbina Garden Village. It was designated as a Conservation Area in 1976. Properties were initially rented from the Rhiwbina Garden Village Society, which was run as a co-operative by the residents. The houses were subsequently sold to existing tenants in

182-460: A not-for-profit cooperative (non-share capital co-op), and they underwrite their housing through paying subscriptions or rent. Housing cooperatives come in three basic equity structures Members of a building cooperative (in Britain known as a self-build housing cooperative) pool resources to build housing, normally using a high proportion of their own labor. When the building is finished, each member

273-455: A collective framework. They open up new horizons for people who have ambition but who lack the skills or confidence needed to set off entirely on their own – or who simply want to carry on an independent economic activity but within a supportive group context. A "purchasing cooperative" is a type of cooperative arrangement, often among businesses, to agree to aggregate demand to get lower prices from selected suppliers. Retailers' cooperatives are

364-634: A food cooperative directory. Seattle-based R.E.I. , which specializes in outdoor sporting equipment, is the largest consumer cooperative in the United States. Outdoor retailer Mountain Equipment Co-op (MEC) in Canada was one of that country's major consumer cooperatives. In the Canadian Prairie provinces as well as British Columbia , gas stations, lumberyards, and grocery stores can be found under

455-432: A for-profit enterprise will treat the difference between cost (including labor etc.) and selling price as financial gain for investors, the consumer owned enterprise may retain this to accumulate capital in common ownership, distribute it to meet the consumer's social objectives, or refund this sum to the consumer/owner as an over-payment. (Accumulated capital may be held as reserves, or invested in growth as working capital or

546-427: A form of purchasing cooperative. Major purchasing cooperatives include Best Western , ACE Hardware and CCA Global Partners . Agricultural service cooperatives provide various services to their individual farming members, and to agricultural production cooperatives , where production resources such as land or machinery are pooled and members farm jointly. Retail co-operative A consumers' co-operative

637-537: A fundamental challenge to the hegemony of global neoliberal capitalism . Many cooperatives follow the seven Rochdale Principles : Since 2002, ICA cooperatives and WOCCU credit unions could be distinguished by use of a .coop domain. In 2014, ICA introduced the Global Cooperative Marque for use by ICAs Cooperative members and by WOCCU's Credit Union members so they can be further identified by their coop ethical consumerism label. The marque

728-593: A means to achieve social reform. They believed such a development would bring benefits such as economic democracy and justice , transparency , greater product purity, and financial benefits for consumers. One of the world's largest consumer co-operative federations operates in the UK as The Co-op , which operates over 5,500 branches of 'Co-op' branded business including Co-op Food (the UK's sixth largest supermarket chain), Co-op Funeralcare , Co-op Travel , Co-op Legal Services , and Co-op Electrical . The Co-operative Group

819-475: A member's investment into the cooperative. In the United States, many cooperatives were formed to provide rural electrical and telephone service as part of the New Deal . See Rural Utilities Service . In the case of electricity, cooperatives are generally either generation and transmission (G&T) co-ops that create and send power via the transmission grid or local distribution co-ops that gather electricity from

910-778: A mixture of co-operative philosophy and practical advice about running a shop using cooperative principles. The first successful co-operative was the Rochdale Society of Equitable Pioneers , established in England in 1844. This became the basis for the development and growth of the modern cooperative movement. As the mechanization of the Industrial Revolution forced more skilled workers into poverty, these tradesmen decided to band together to open their own store selling food items they could not otherwise afford. With lessons from prior failed attempts at co-operation in mind, they designed

1001-593: A newspaper, The Cooperator , to promote Owen's thinking, having already set up a cooperative store in Brighton. Also in 1810, Rev. Henry Duncan of the Ruthwell Presbyterian Church in Dumfriesshire, Scotland founded a friendly society to create a cooperative depository institution at which his poorest parishioners could hold savings accounts accruing interest for sickness and old-age , which

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1092-548: A proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade, compared to 2.4% for rival supermarkets. Since 2002, cooperatives have been distinguishable on the Internet through the use of a .coop domain. In 2014, the International Co-operative Alliance (ICA) introduced

1183-507: A public place every year. Despite the short duration of its existence, until 1851, it thus formed the basis of the cooperative movement in Slovakia. Slovak national thinker Ľudovít Štúr said about the association: " We would very much like such excellent constitutions to be established throughout our region. They would help to rescue people from evil and misery. A beautiful, great idea, a beautiful excellent constitution! " Other events such as

1274-575: A range of social characteristics. Membership is open, meaning that anyone who satisfies certain non-discriminatory conditions may join. Economic benefits are distributed proportionally to each member's level of participation in the cooperative, for instance, by a dividend on sales or purchases, rather than according to capital invested. Cooperatives may be classified as either worker , consumer , producer , purchasing or housing cooperatives. They are distinguished from other forms of incorporation in that profit-making or economic stability are balanced by

1365-470: A secure income. The innovation BECs introduce is that once the businesses are established, the entrepreneurs are not forced to leave and set up independently, but can stay and become full members of the cooperative. The micro-enterprises then combine to form one multi-activity enterprise whose members provide a mutually supportive environment for each other. BECs thus provide budding business people with an easy transition from inactivity to self-employment, but in

1456-946: A share of total net profit or earnings (all owners typically receive the same amount); or based on a percentage of the total amount of purchases made by the owner. Regardless of whether they issue a dividend or not, most consumers’ cooperatives will offer owners discounts and preferential access to goods and services. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops . However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing , utilities and personal finance (including credit unions ). In some countries, consumers' cooperatives are known as cooperative retail societies or retail co-ops , though they should not be confused with retailers' cooperatives , whose members are retailers rather than consumers. Consumers' cooperatives may, in turn, form cooperative federations . These may come in

1547-894: A significant market share in Europe and Latin America, as well as a few countries in Sub-Saharan Africa. They also have a strong presence in Asia, Australia, and the United States. According to the World Council of Credit Unions (WOCCU), there were 68,882 financial cooperatives in 109 countries in 2016, serving more than 235 million members, with total assets exceeding 1.7 trillion dollars. The WOCCU's data do not include some major financial cooperative networks in Europe, such as Germany, Finland, France, Denmark, and Italy. In many high-income economies, financial cooperatives hold significant market shares of

1638-487: A thousand cooperative societies in the United Kingdom. "Spolok Gazdovský" ( The Association of Administrators or The Association of Farmers ) founded in 1845 by Samuel Jurkovič, was the first cooperative in Europe ( Credit union ). The cooperative provided a cheap loan from funds generated by regular savings for members of the cooperative. Members of cooperative had to commit to a moral life and had to plant two trees in

1729-542: A trust that owns the company. The impact of political ideology on practice constrains the development of cooperatives in different countries. In India, there is a form of workers' cooperative which insists on compulsory membership for all employees and compulsory employment for all members. That is the form of the Indian Coffee Houses . This system was advocated by the Indian communist leader A. K. Gopalan . In places like

1820-546: A useful condition of artificial roads such as Viamala in 1472. Pre-industrial Europe is home to the first cooperatives from an industrial context. The roots of the cooperative movement can be traced to multiple influences and extend worldwide. In the English-speaking world , post- feudal forms of cooperation between workers and owners that are expressed today as " profit sharing " and "surplus sharing" arrangements existed as far back as 1795. The key ideological influence on

1911-446: A variety of sources and send it along to homes and businesses. In Tanzania, it has been proven that the cooperative method is helpful in water distribution. When the people are involved with their own water, they care more because the quality of their work has a direct effect on the quality of their water. Credit unions are cooperative financial institutions owned and controlled by their members. Credit unions provide to its members

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2002-479: A vision that went far beyond the simple shop with which they began: That as soon as practicable, this society shall proceed to arrange the powers of production, distribution, education, and government, or in other words to establish a selfsupporting home-colony of united interests, or assist other societies in establishing such colonies. Cooperative Federalists , a term coined in the writings of Beatrice Webb , advocated forming federations of consumer cooperatives as

2093-404: Is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise ". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from collectives in that they are generally built from

2184-453: Is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system , independently of the state, as a form of mutual aid , oriented toward service rather than pecuniary profit. Many cooperatives, however, do have a degree of profit orientation. Just like other corporations, some cooperatives issue dividends to owners based on

2275-611: Is by far the largest of these businesses, itself having over 4,500 outlets and operating the collective buying group . In Switzerland , the two largest supermarket chains Coop and Migros are both co-operatives and are among the country’s largest employers. In Ireland , the Dublin Food Coop has been in operation since 1983. In Scandinavia , the national cooperatives Norway , Sweden , and Denmark joined as Coop Norden in January 2002, but separated again in 2008. In Italy ,

2366-408: Is one of the largest cooperatives in the world. In addition to retail co-ops there are medical, housing, and insurance co-ops alongside institutional (workplace based) co-ops, co-ops for school teachers, and university-based co-ops. Approximately one in five of all Japanese households belongs to a local retail co-op and 90% of all co-op members are women. Nearly six million households belong to one of

2457-764: Is open to everybody. It has franchises under the brand Aliprox not owned by Eroski but sharing its product range. Its origin is in the Basque Country . In its process of expansion, it merged with the Valencia-based cooperative Consum , but the merger dissolved in 2005. It has expanded across Spain and entered France and Gibraltar. After the Spanish crisis of 2008 , Eroski sold several of its supermarkets and hypermarkets. The Co-op Bookshop sold textbooks both online and on university campuses. It also owned Australian Geographic . In 2020 its retail stores closed and its online store

2548-481: Is released in stages as the building is completed. The term may also refer to worker cooperatives in the building trade. A utility cooperative is a type of consumers' cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications services to its members. Profits are either reinvested into infrastructure or distributed to members in the form of "patronage" or "capital credits", which are essentially dividends paid on

2639-410: Is the sole owner of a homestead, and the cooperative may be dissolved. This collective effort was at the origin of many of Britain's building societies , which however, developed into "permanent" mutual savings and loan organisations, a term which persisted in some of their names (such as the former Leeds Permanent ). Nowadays such self-building may be financed using a step-by-step mortgage which

2730-421: Is used today by thousands of cooperatives in more than a hundred countries. The .coop domain and Co-operative Marque were designed as a new symbol of the global cooperative movement and its collective identity in the digital age. The Co-operative Marque and domain is reserved just for co-operatives, credit unions and organisations that support co-operatives; is distinguished by its ethical badge that subscribes to

2821-560: Is wholly owned by its customers, reported at 125,000 in 2012. Japan has a large and well-developed consumer cooperative movement with more than 14 million members. Retail co-ops alone had a combined turnover of 2.5 trillion Yen (21 billion U.S. Dollars) in April, 2003. Co-op Kobe (コープこうべ) in the Hyōgo Prefecture is the largest retail cooperative in Japan and, with more than 1.2 million members,

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2912-545: The Coop Italia chain formed by many sub-cooperatives controlled 17.7% of the grocery market in 2005. In Finland , the S Group is owned by 22 regional cooperatives and 19 local cooperative stores, which in turn are owned by their customers. In 2005 the S Group overtook its nearest rival Kesko Oyj with a 36% share of retail grocery sales compared to Kesko's 28%. In France , Coop Atlantique owns 7 hypermarkets, 39 supermarkets, and about 200 convenience stores. In Germany ,

3003-721: The Gaeltacht in Ireland and the Highlands and Islands of Scotland. A worker cooperative or producer cooperative is a cooperative owned and democratically controlled by its "worker-owners". In a pure worker cooperative, only the workers own shares of the business on a one person, one vote basis, though hybrid forms exist in which consumers, community members or investors also own some shares (though these shares may or may not have voting power). In practice, control by worker-owners may be exercised through individual, collective or majority ownership by

3094-561: The New Lanark mill from Owen's father-in-law, David Dale , and proceeded to introduce better labour standards, including discounted retail shops where profits were passed on to his employees. Owen left New Lanark to pursue other forms of cooperative organization and develop coop ideas through writing and lecture. Cooperative communities were set up in Glasgow , Indiana and Hampshire , although ultimately unsuccessful. In 1828, William King set up

3185-690: The ReWe Group is a diversified holding company of consumer cooperatives that includes thousands of retail stores, discount stores, and tourism agencies. It ranks as the second largest supermarket chain in Germany and in the top ten cooperative groups in the world. In Spain, Eroski is a supermarket chain within Mondragón Corporación Cooperativa . As a worker-consumer hybrid , some of the personnel are hired workers and some are owner-workers. The owners include workers and mere consumers, but buying

3276-411: The bylaws or organizing document of the cooperative. Most consumer cooperatives hold regular membership meetings (often once a year). As mutually owned businesses, each member of a society has a shareholding equal to the sum they paid in when they joined. Large consumers' co-ops are run much like any other business and require workers, managers, clerks, products, and customers to keep the doors open and

3367-401: The labour movement . As employment moved to industrial areas and job sectors declined, workers began organizing and controlling businesses for themselves. Workers cooperatives were originally sparked by "critical reaction to industrial capitalism and the excesses of the industrial revolution." The formation of some workers cooperatives was meant to "cope with the evils of unbridled capitalism and

3458-591: The "Network Movement" ("Tokyo Seikatsusha (it means "Living Persons") Network", "Kanagawa Network Movement", and so on). They depend on consumers movement, feminism, regionalism, and prefer to anti-nuclear. These parties keep small but steady sections in prefecture and municipal assemblies. In the United States, the PCC (Puget Consumers Cooperative) Natural Markets in Seattle is the largest consumer-owned food cooperative . The National Cooperative Grocers Association maintains

3549-439: The 'Urgenossen'. A community cooperative is owned and governed by members of a local geographical community. It is established to meet the community's needs by providing goods or services that are not available or affordable through traditional market channels. This is distinct from meeting individuals' needs as individuals. The aim of a community cooperative is often to create a more equitable and sustainable economy that serves

3640-610: The 1,788,000 Han groups . These consist of a group of five to ten members in a neighbourhood who place a combined weekly order which is then delivered by truck the following week. A strength of Japanese consumer co-ops in recent years has been the growth of community supported agriculture in which fresh produce is sent direct to consumers from producers without going through the market. Some of co-op organisations, for example, in Tokyo metropolis and Kanagawa prefecture , manage their local political parties from 1970's; generally names itself as

3731-665: The 1960s. Though initially planned as a housing development for the working class, the high rent of the properties ensured that the middle class became established in Rhiwbina Garden Village. It is the only garden village development in Cardiff, architecture critic John Newman describes it as the "most extensive and best preserved Garden Village in Glamorgan" in the Glamorgan edition of The Buildings of Wales . Rhiwbina Garden Village

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3822-565: The Anglosphere branch of the cooperative movement, however, was a rejection of the charity principles that underpinned welfare reforms when the British government radically revised its Poor Laws in 1834. As both state and church institutions began to routinely distinguish between the 'deserving' and 'undeserving' poor, a movement of friendly societies grew throughout the British Empire based on

3913-526: The Cooperative Marque, meaning ICA cooperatives and WOCCU credit unions can also be identified through a coop ethical consumerism label. Cooperation dates back as far as human beings have been organizing for mutual benefits. Tribes were organized as cooperative structures, allocating jobs and resources among each other, only trading with the external communities. In alpine environments, trade could only be maintained in organized cooperatives to achieve

4004-613: The International Raiffeisen Union. In the United States, the National Cooperative Business Association (NCBA CLUSA; the abbreviation of the organization retains the initials of its former name, Cooperative League of the USA) serves as the sector 's oldest national membership association. It is dedicated to ensuring that cooperative businesses have the same opportunities as other businesses operating in

4095-499: The John Lewis Partnership, where profits are distributed to the workers, but at the discretion of a senior elected board. Business and employment cooperatives (BECs) are a subset of worker cooperatives that represent a new approach to providing support to the creation of new businesses. Like other business creation support schemes, BEC's enable budding entrepreneurs to experiment with their business idea while benefiting from

4186-580: The Netherlands, Rabobank holds 34% of deposits, and in France cooperative banks (Crédit Agricole, Crédit Mutuel and BPCE Group) possess more than 59% of domestic credit and 61% of domestic deposits. In Finland, OP financial group holds 35% and 38% of domestic credit and deposits, respectively, and in Canada, Desjardins holds around 42% of domestic deposits and 22% of domestic credit. There are many types of cooperative financial institutions with different names across

4277-527: The SKOK ( Spółdzielcze Kasy Oszczędnościowo-Kredytowe ) network grew to serve over 1 million members via 13,000 branches, and was larger than the country's largest conventional bank. In the Scandinavia , there is a clear distinction between mutual savings banks (Sparbank) and true credit unions (Andelsbank). The oldest cooperative banks in Europe, based on the ideas of Friedrich Raiffeisen, are joined in

4368-693: The Scottish Co-operative Wholesale Society (1973) and the South Suburban Co-operative Society (1984). Consumer cooperatives utilize the cooperative principle of democratic member control , or one member/one vote. Most consumer cooperatives have a board of directors elected by and from the membership. The board is usually responsible for hiring management and ensuring that the cooperative meets its goals, both financial and otherwise. Democratic functions, such as petitioning or recall of board members, may be codified in

4459-457: The UK, common ownership (indivisible collective ownership) was popular in the 1970s. Cooperative Societies only became legal in Britain after the passing of Slaney's Act in 1852. In 1865 there were 651 registered societies with a total membership of well over 200,000. There are now more than 400 worker cooperatives in the UK, Suma Wholefoods being the largest example with a turnover of £24 million. There also exist some pseudo-cooperatives, such as

4550-621: The United States, Italy, or France. A consumers' cooperative is a business owned by its customers. Members vote on major decisions and elect the board of directors from among their own number. The first of these was set up in 1844 in the North-West of England by 28 weavers who wanted to sell food at a lower price than the local shops. Retail cooperatives are retailers, such as grocery stores, owned by their customers. They should not be confused with retailers' cooperatives, whose members are retailers rather than consumers. In Singapore, Italy, and Finland

4641-578: The banking sector. According to the European Association of Cooperative Banks, the market share of cooperative banks in the Small and Medium Enterprises (SMEs) credit market by the end of 2016 was 37% in Finland, 45% in France, 33% in Germany, 43% in the Netherlands, and 22% in Canada. In Germany, Volksbanken-Raiffeisen banks have a market share of approximately 21% of domestic credit and domestic deposits. In

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4732-525: The bottom-up, rather than the top-down. Cooperatives may include: The Research published by the Worldwatch Institute found that in 2012 approximately one billion people in 96 countries had become members of at least one cooperative. The turnover of the largest three hundred cooperatives in the world reached $ 2.2 trillion . Worker cooperatives are typically more productive and economically resilient than many other forms of enterprise, with twice

4823-489: The business running. In smaller businesses the consumer/owners are often workers as well. Consumers' cooperatives can differ greatly in start up and also in how the co-op is run but to be true to the consumers' cooperative form of business the enterprise should follow the Rochdale Principles . The customers or consumers of the goods and/or services the cooperative provides are often also the individuals who have provided

4914-494: The capital required to launch or purchase that enterprise. The major difference between consumers' cooperatives and other forms of business is that the purpose of a consumers' cooperative association is to provide quality goods and services at the lowest cost to the consumer/owners rather than to sell goods and services at the highest price above cost that the consumer is willing to pay. In practice consumers' cooperatives price goods and services at competitive market rates. Where

5005-433: The company with the largest market share in the grocery store sector is a consumer owned cooperative. In Switzerland both the largest and the second largest retailer are consumer owned cooperatives. A housing cooperative is a legal mechanism for ownership of housing where residents either own shares (share capital co-op) reflecting their equity in the cooperative's real estate or have membership and occupancy rights in

5096-433: The constraints of various systems of national law) is the principle that an enterprise or association should be owned and controlled by the people it serves, and share any surpluses on the basis of each member's cooperative contribution (as a producer, labourer or consumer) rather than their capacity to invest financial capital. The International Co-operative Alliance was the first international association formed (1895) by

5187-515: The cooperative as would appear in any other company. This is one critique of consumer cooperatives in favor of worker cooperatives . Many advocates of the formation of consumer cooperatives—from a variety of political perspectives—have seen them as integral to the achievement of wider social goals. For example, the founding document of the Rochdale Pioneers , who established one of the earliest consumer cooperatives in England in 1844, expressed

5278-441: The cooperative movement stemmed from such socialist writers as Robert Owen and Charles Fourier . Robert Owen , considered by many as the father of the cooperative movement, made his fortune in the cotton trade, but believed in putting his workers in a good environment with access to education for themselves and their children. These ideas were put into effect successfully in the cotton mills of New Lanark , Scotland , where

5369-623: The cooperative movement. It includes the World Council of Credit Unions . The International Cooperative Alliance was founded in London, England on 19 August 1895 during the 1st Cooperative Congress. In attendance were delegates from cooperatives from Argentina, Australia, Belgium, England, Denmark, France, Germany, Holland, India, Italy, Switzerland, Serbia, and the US. A second organization formed later in Germany:

5460-681: The country and that consumers have access to cooperatives in the marketplace. In 1945 Artturi Ilmari Virtanen received the Nobel Prize in Chemistry for his invention of the AIV silage . This invention improved milk production and created a method of preserving butter, the AIV salt, which led to increased Finnish butter exports. He had started his career in chemistry in Valio , a cooperative of dairy farmers in which he headed

5551-421: The early 19th century and by 1830 there were several hundred co-operatives. William King made Owen's ideas more workable and practical. He believed in starting small, and realized that the working classes would need to set up co-operatives for themselves, so he saw his role as one of instruction. He founded a monthly periodical called The Co-operator , the first edition of which appeared on 1 May 1828. It gave

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5642-619: The first co-operative store was opened. Spurred on by this success, Owen had the idea of forming "villages of co-operation" where workers would drag themselves out of poverty by growing their own food, making their own clothes, and ultimately becoming self-governing. He tried to form such communities in Orbiston, Scotland and in New Harmony, Indiana in the United States of America , but both communities failed. Similar early experiments were made in

5733-840: The first in Europe. By 2004 a new association focused on worker co-ops was founded, the United States Federation of Worker Cooperatives . The cooperative movement has been fueled globally by ideas of economic democracy . Economic democracy is a socioeconomic philosophy that suggests an expansion of decision-making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There are many different approaches to thinking about and building economic democracy. Anarchists are committed to libertarian socialism and have focused on local organization, including locally managed cooperatives, linked through confederations of unions, cooperatives and communities. Marxists, who as socialists have likewise held and worked for

5824-407: The form of cooperative wholesale societies , through which consumers' cooperatives collectively purchase goods at wholesale prices and, in some cases, own factories. Alternatively, they may be members of cooperative unions . Consumer cooperation has been a focus of study in the field of cooperative economics . Consumer cooperatives rose to prominence during the industrial revolution as part of

5915-514: The form of the state . Though they regard the state as an unnecessarily oppressive institution, Marxists considered appropriating national and international-scale capitalist institutions and resources (such as the state) to be an important first pillar in creating conditions favorable to solidaristic economies. With the declining influence of the USSR after the 1960s, socialist strategies pluralized, though economic democratizers have not as yet established

6006-466: The founding of a friendly society by the Tolpuddle Martyrs in 1832 were key occasions in the creation of organized labor and consumer movements. Friendly Societies established forums through which one member, one vote was practiced in organisation decision-making. The principles challenged the idea that a person should be an owner of property before being granted a political voice. Throughout

6097-444: The goal of democratizing productive and reproductive relationships, often placed a greater strategic emphasis on confronting the larger scales of human organization. As they viewed the capitalist class to be politically, militarily and culturally mobilized for the purpose of maintaining an exploitable working class, they fought in the early 20th century to appropriate from the capitalist class the society's collective political capacity in

6188-470: The initials of the Cardiff Worker's Cooperative Garden Village Society. The houses of Pen-Y-Dre that run alongside the railway line were designed by H. Avray Tipping , though John Newman believes that Tipping's designs may have been ghosted by Eric Francis . Thomas Alwyn Lloyd designed the remainder of Pen-Y-Dre between 1920 and 1923. Lloyd also designed his own residence, 11 Heol Wen at the west end of

6279-628: The insecurities of wage labor." The first documented consumer cooperative was founded in 1769, in a barely-furnished cottage in Fenwick, East Ayrshire , when local weavers manhandled a sack of oatmeal into John Walker's whitewashed front room and began selling the contents at a discount, forming the Fenwick Weavers' Society . In the decades that followed, several cooperatives or cooperative societies formed including Lennoxtown Friendly Victualling Society, founded in 1812. The philosophy that underpinned

6370-508: The interests of the community. There are specific forms of incorporation for cooperatives in some countries, e.g. Finland and Australia. Cooperatives may take the form of companies limited by shares or by guarantee, partnerships or unincorporated associations. In the UK they may also use the industrial and provident society structure. In the US, cooperatives are often organized as non-capital stock corporations under state-specific cooperative laws. Cooperatives often share their earnings with

6461-427: The membership as dividends , which are divided among the members according to their participation in the enterprise, such as patronage, instead of according to the value of their capital shareholdings (as is done by a joint stock company ). The cooperative share capital or co-operative share capital (in short cooperative capital or co-operative capital ) is the form of capital that the cooperative accumulates from

6552-555: The merger of many independent retail societies, and their wholesale societies and federations. In 1863, twenty years after the Rochdale Pioneers opened their co-operative, the North of England Co-operative Society was launched by 300 individual co-ops across Yorkshire and Lancashire . By 1872, it had become known as the Co-operative Wholesale Society (CWS). Through the 20th century, smaller societies merged with CWS, such as

6643-443: The needs of local residents, rather than generating profits for external shareholders. By working together and pooling resources, members can often achieve economies of scale, negotiate better prices, and develop services that better meet the needs of their community. Community cooperatives can also help to build social capital and foster a sense of community ownership and pride. They have been successful vehicles for rural development in

6734-506: The now-famous Rochdale Principles , and over a period of four months they struggled to pool one pound sterling per person for a total of 28 pounds of capital. On December 21, 1844, they opened their store with a very meagre selection of butter, sugar, flour, oatmeal and a few candles. Within three months, they expanded their selection to include tea and tobacco, and they were soon known for providing high quality, unadulterated goods. The Co-operative Group formed gradually over 140 years from

6825-495: The number of co-operatives (80%) surviving their first five years compared with other business ownership models (44%) according to data from United Kingdom. The largest worker owned cooperative in the world, the Mondragon Corporation (founded by Catholic priest José María Arizmendiarrieta ), has been in continuous operation since 1956. Cooperatives frequently have social goals, which they aim to accomplish by investing

6916-451: The paid participation shares of its members. The total amount of participation shares the paid to the cooperative constitutes the cooperative capital. The co-operative share capital is usually non-withdrawable and indivisible to the cooperative members. The top 300 largest cooperatives were listed in 2007 by the International Co-operative Alliance . 80% were involved in either agriculture , finance , or retail and more than half were in

7007-428: The principle of mutuality, committed to self-help in the welfare of working people. In 1761, the Fenwick Weavers' Society was formed in Fenwick, East Ayrshire , Scotland to sell discounted oatmeal to local workers. Its services expanded to include assistance with savings and loans, emigration and education. In 1810, Welsh social reformer Robert Owen , from Newtown in mid- Wales , and his partners purchased

7098-411: The purchase of capital assets such as plant and buildings.) While some claim that surplus payment returns to consumer/owner patrons should be taxed the same as dividends paid to corporate stock holders, others argue that consumer cooperatives do not return a profit by traditional definition, and similar tax standards do not apply. Since consumer cooperatives are run democratically, they are subject to

7189-461: The research department for 50 years and where all his major inventions were first put to practice. Cooperative banks were first to adopt online banking. Stanford Federal Credit Union was the first financial institution to offer online internet banking services to all of its members in October 1994. In 1996 OP Financial Group , also a cooperative bank , became the second online bank in the world and

7280-526: The rise of trade unions and industrial factories. Weinbren reports that by the end of the 19th century, over 80% of British working age men and 90% of Australian working age men were members of one or more Friendly Society. From the mid-nineteenth century, mutual organisations embraced these ideas in economic enterprises, firstly among tradespeople, and later in cooperative stores, educational institutes, financial institutions and industrial enterprises. The common thread (enacted in different ways, and subject to

7371-1098: The road. Scenes from the 2011 Doctor Who Christmas special, The Doctor, the Widow and the Wardrobe were filmed on Y Groes in the garden village. Blue plaques erected by the Rhiwbina Civic Society in Rhiwbina Garden Village commemorate the residences of the founder of the St Fagans National Museum of History , Iorwerth Peate , in Lon-y-Dail, writer and Welsh nationalist Kate Roberts in Lon Isa, archaeologist Cyril Fox in Heol Wen, and social reformer Edgar Leyshon Chappell in Y Groes. 51°31′23″N 3°12′56″W  /  51.52306°N 3.21556°W  / 51.52306; -3.21556 Co-operative A cooperative (also known as co-operative , co-op , or coop )

7462-406: The same problems typical of democratic government. Such difficulties can be mitigated by frequently providing member/owners with reliable educational materials regarding current business conditions. In addition, because a consumer cooperative is owned by the users of a good or service as opposed to the producers of that good or service, the same sorts of labor issues may arise between the workers and

7553-452: The same services as banks but are considered not-for-profit organizations and adhere to cooperative principles . Credit unions originated in mid-19th-century Germany through the efforts of pioneers Franz Herman Schulze'Delitzsch and Friedrich Wilhelm Raiffeisen . The concept of financial cooperatives crossed the Atlantic at the turn of the 20th century, when the caisse populaire movement

7644-434: The second half of the nineteenth century (and then repeatedly every twenty years or so) there was a surge in the number of cooperative organisations, both in commercial practice and civil society, operating to advance democracy and universal suffrage as a political principle. Friendly Societies and consumer cooperatives became the dominant form of organization among working people in Anglosphere industrial societies prior to

7735-482: The seven ICA Cooperative Principles and Co-op Values. Co-ops can be identified on the Internet through the use of the .coop suffix of internet addresses . Organizations using .coop domain names must adhere to the basic co-op values. A cooperative is a legal entity owned and democratically controlled by its members. Members often have a close association with the enterprise as producers or consumers of its products or services, or as its employees. The legal entities have

7826-413: The workforce, or the retention of individual, collective or majority voting rights. A worker cooperative, therefore, has the characteristic that the majority of its workforce owns shares, and the majority of shares are owned by the workforce. Membership is not always compulsory for employees, but generally, only employees can become members either directly (as shareholders) or indirectly through membership of

7917-652: The world, including financial cooperatives ('cooperativa financiera' is the Spanish term used in Latin America), cooperative banks, credit unions, and savings and credit cooperatives ('cooperativa de ahorro y crédito' in Spanish or ' coopérative d'épargne et de credit ' in French-speaking countries). Cooperative banking networks, which were nationalized in Eastern Europe, continued as cooperative institutions. In Poland,

8008-417: Was designated a conservation area in 1977. The majority of the properties are listed with Cadw . Lon-Y-Dail built from 1912 to 1913 was the first road developed, running from south to north. Lon Isa was next, and Y Groes, the oblong green forming the centre of a cul-de-sac, was created by their intersection. The houses of Y Groes were designed by A.H. Mottram; No. 7 Y Groes is dated 1913 and inscribed with

8099-547: Was sold to Booktopia . The Wine Society (Australian Wine Consumers’ Co-operative Society Limited), established in 1946, now has more than 58,000 members. It sources and sells premium wines under the Society label, runs comprehensive wine education courses, and recognises excellence from young winemakers. Bank Australia was formed in 2011 as the Members and Education Credit Union. It changed its name to Bank Australia in 2015. The bank

8190-635: Was started by Alphonse Desjardins in Quebec, Canada. In 1900, from his home in Lévis , he opened North America's first credit union, marking the beginning of the Mouvement Desjardins . Eight years later, Desjardins provided guidance for the first credit union in the United States , where there are now about 7,950 active status federally insured credit unions, with almost 90 million members and more than $ 679 billion on deposit. Financial cooperatives hold

8281-625: Was the first established savings bank that would be merged into the Trustee Savings Bank between 1970 and 1985. The Rochdale Society of Equitable Pioneers , founded in 1844, is usually considered the first successful cooperative enterprise, used as a model for modern coops, following the ' Rochdale Principles '. A group of 28 weavers and other artisans in Rochdale , England set up the society to open their own store selling food items they could not otherwise afford. Within ten years there were over

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