Co-ops have been shown to be less likely to fail than traditional businesses in their first ten years. The article argues that if Canada spent $1b on helping workers to purchase businesses from retiring entrepreneurs, it would drastically raise the wealth of the poorest citizens and allow for more stable businesses.
I appreciate a long read, but the polemic at the start turned me off.
Anyone got a tldr?
Co-ops have been shown to be less likely to fail than traditional businesses in their first ten years. The article argues that if Canada spent $1b on helping workers to purchase businesses from retiring entrepreneurs, it would drastically raise the wealth of the poorest citizens and allow for more stable businesses.
That’s very succinct! Thank you for summarizing.
Coops are a great idea. I wish we had more of them.