Cooperative Enterprise
Show Less

Cooperative Enterprise

Facing the Challenge of Globalization

Stefano Zamagni and Vera Zamagni

This eloquent book analyses the theory of the cooperative form of enterprise from an historic perspective, whilst assessing its appeal in the current economic environment.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Cooperative Governance

Stefano Zamagni and Vera Zamagni


7.1 COOPERATIVES IN THE AGE OF FINANCIALIZATION That the cooperative movement today is at a crossroads is common knowledge. The observation is heavily laden with significance, indicating the great vitality that this form of enterprise has won in the economic battlefield. At the same time, however, its very successes raise new, worrying questions. Is it still possible that in today’s new conditions the cooperative enterprise can continue to do well – as well as its capitalist counterpart – and also to serve its other purposes? Or, to state the issue from a different angle, is there something to the argument that in the age of the financialization of the economy there is just no room for enterprises for which the social dimension is central? On proper consideration, questions like this all point, directly or indirectly, to two main themes: how to administer cooperatives and how to finance their growth without endangering their special identity. To administer a cooperative in a correct way requires two conditions: on the one hand, the line of communication among worker-members must be rendered accessible; on the other hand, there must be a commitment to the practice of equity, avoiding subjection and exploitation. Let’s try to clarify. Communication is different than information. While complete information is all that is needed to solve the problem of coordination of decisions, cooperation presupposes that a particular form of participatory democracy is put into place: the exercise among the members of the firm of the option of voice. It is to Albert...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.