Quotes on Co-operation and Capitalism


"Rumours of the death of capitalism are clearly exaggerated. But it does have a serious problem. At the heart of this problem is the engine that drives the idea – the pursuit of private gain. While it might seem like a stroke of genius to harness that most powerful of human instincts, and use it as the driving force of trading, there is a fundamental flaw: the world has finite resources. In the early 19th century, with swathes of the planet still uncharted and a largely rural global economy, natural limits and physical boundaries would not have seemed to be an immediate problem. In the early 21st century, with dwindling natural resources, a crowded planet and the growing availability of weapons of mass destruction, a global economy that is largely driven by the pursuit of gain through continual growth is both unsustainable, and frightening."
Cliff Mills (2009 )Funding the Future: An alternative to capitalism, Mutuo, UK p3

"The increasing pressure of environmental and social issues and the re-emergence of the civil economy in response to them are central to current co-operative development.  For, within the formal economy, co-operatives are uniquely placed to provide practical solutions to them."

Robin Murray (2010) Co-operation in the age of google, Co-operatives UK, p18

"A third reason why we are heading towards a new era of capitalism is because a new configuration of political forces is emerging as a result of the rise of China, Brazil and India....  In the four BRIC countries (Brazil, Russia, India and China), 15% of their population are member-owners of co-operative enterprises, compared to less than 4% who are shareholders."
Noreena Hertz (2011)  Co-op Capitalism: a new economic model from the carnage of the old, Co-operatives UK, p8

"This economic and political context creates an exciting opportunity to rethink the firm, its ownership, its management structures and its mechanisms of accountability. What’s more, in a situation of some turbulence, we have an opportunity to expand our analytical framework beyond narrow economic concepts of allocative efficiency and performance to include broader social and political considerations. While doing this, we get to address the question of what form of autonomy we want in our economy."
William Davis(2009) Re-inventing the firm, Demos, UK, p16

"Democracy and the co-operative form remain keys to re humanising our economies today. It means taking the democratic revolution beyond politics into economics so that it can transform economies as it once transformed political systems."
John Restakis (2011) Co-operatives and the Wealth of Nations, Co-operatives UK, p8


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