Corporate capitalism has failed western societies. In the western world, inequality is at its highest on record, the environment is threatened, and local communities have become corporate dependencies. Presently, many businesses in a community are not local, but are franchises of a national or multinational corporation that pays its workers as little as possible, ruins the environment, and sends the profits to investors far away. Many consumers are left isolated individually with no bargaining power.
In order to grow resilient local economies, communities will have to develop co-operative local businesses and local organizations to break the stranglehold that multinational corporations have on them.
The cooperative is a form of organization for business or for consumers that works for the betterment of the local community - its people, environment, and its economy. This is Part 2 in a three-part series on co-ops. Part 1 is here http://caucus99percent.com/content/resilience-co-ops-101-introduction-co...
More below.