What happens when the institutions we depend on – the ones supposedly “too big to fail” – begin to fail us? The unsustainable drive toward ever greater profits has undermined our society’s’ core institutions: health care, banks and now, journalism.
In response to this string of failures, it is no surprise to see small groups of people coming together locally to find ways of obtaining the information, health care and financial assistance they need in their communities.
One of these responses has been the formation of co-ops, or local cooperatives. Local cooperative banks and health care co-ops are now being held up as important social and economic models. (more…)