That’s part of it, but it’s also been limited by access to capital. Banks have historically denied loans for cooperatives, and investors tend not to want to get involved. We’re also lacking a comprehensive legal framework. In some States, depending on the intended industry, it may not even be possible to register as a cooperative with existing statutes.
That’s part of it, but it’s also been limited by access to capital. Banks have historically denied loans for cooperatives, and investors tend not to want to get involved. We’re also lacking a comprehensive legal framework. In some States, depending on the intended industry, it may not even be possible to register as a cooperative with existing statutes.
So the very legal system is rigged to favor capitalist corporatations.