Anu Puusa: The case for co-ops, the invisible giant of the economy | TED

[@cliffhregis]

The popularity of Co-ops will definitely grow, as more people hear about them. It's such a cool system and the complexity of governance should diminish as we get more experience. Peace, success, and love to all.

[@kamaldaud2782]

I love listening to you Prof Puusa. Nice to go to Finland learning cooperatives there.

[@renierp.duplessis4017]

Well done Professor - inspiring

[@vig3434]

Thank you Germany, and of course you Finns are amazing!!

[@eave01]

I get my electric from a co-op in the USA. It is about half the cost of electricity from a regular company.

[@meroinheroin]

In FL we don't even have the option to use a different electricity provider :/

[@eave01]

@@meroinheroin before I lived here, no provider would serve the town, so they started the co-op. Then the town grew to be a city. Then a bigger city. Now lots of companies want to seve the city, but we vote them down.

[@greenleafyman1028]

Same in the Philippines, The Manila has a private company called the Meralco, they ruthlessly charged people with very high electric bill. Meanwhile, in the Southern Philippines, my electricity consumption in the electric cooperative is the same but the price is 60% lower. Privatization of public service is really really bad.

[@eave01]

@@greenleafyman1028 Yeah. Privatization of any utility or public service is bad for everyone that does not own. The same is true For anything that is necessary for use by the masses.

[@cherubin7th]

@@greenleafyman1028 Cooperatives are private. In my city, we have a government owned electricity company and they are expensive and abusive.

[@medbyhi5114]

I feel the two book of Riane Eisler, “The Chalice and The Blade” and “The Real Wealth of Nations: Creating a Caring Economics” explained those extraordinary success very practically and ideally. I'd like to recommend those book.

[@WhichDoctor1]

Economic democracy is our future

[@OrlandoMGarcia]

The science of economics is the distribution of goods to make nobody lacks some of it or the basic, what happened is the free market and other principles of capitalism started to be more important than people. Why there are so many laws for the good of society in all aspects but in capitalism they just dont apply (because is not 'fare' to its values and principles) and in societies like america they try to extend those capitalism values to other areas where it clearly doesn't apply.

[@auroraperson884]

@@OrlandoMGarcia I can only find myself agreeing with you.

[@Anemoia100]

Very inspiring. Thank you for the wonderful presentation.

[@pinkcat5011]

This is amazing 🙌🏻

[@Overonator]

Co-operatives rock. It's where the workers own the business and have an equal vote to how the business is run as everyone else who owns that business. Democracy in a workplace, almost an alien concept on the USA. I realize that there are other kinds of co-ops where there are still board of directors who are selected by workers/voters.

[@Overonator]

@@lolilsenlol She said customers and members, I thought members were workers. I looked it up and not all cooperatives are owned and run by their workers.

[@amycampseros4829]

@@lolilsenlol consumer co-ops are owned by the members, while worker co-ops are owned by the workers. Both are good

[@carsonhunt4642]

The US doesn’t even have unions much anymore. We all like being easily replaceable wage slaves more because it helps the business make more money which matters most 🙄

[@cherubin7th]

@@carsonhunt4642 Unions and coops are entirely different concepts. Unions are about coercion, coops are voluntary.

[@carsonhunt4642]

@@cherubin7th agreed, my point was we can’t even get unions here, so co-ops are even more unlikely.

[@gunasekarapandians8859]

Here in Tamil Nadu, India when we talk about such concepts as a political manifesto people question us about possibility.

[@nealbrewer3799]

I'm in the U.S. and this happens here too.

[@luckshiet8282]

Excellent

[@cjpec]

Fantastic talk 👏👏👏👏

[@thanhlongnguyen6575]

Thank for your sharing. It is better to cooperate with people equally, steady and stable. We can create a huge economics through making economics activities following the just principles.

[@heartbeat1994x3]

Raiffeisen co-op is actually from Austria, not Germany. However, this system is popular in both countries.

[@guiller2371]

I love it! Thanks. ❤

[@vern0123-t5j]

Groundbreaking

[@pnarey]

Speech teacher here. I'm all for evangelizing co-ops, but I wish she had a better delineated call to action. Support a right to first refusal? That's a cool policy considered in Britain. Do I just Google "co-ops near me?" I leave this speech intrigued, but directionless.

[@unholyrevenger72]

google "co-ops in [insert the city you live in]"

[@pnarey]

@@Dimitris_Half basically, whenever a company is being sold, going public, or making an otherwise substantial change, employees are first given the opportunity to refuse the change and buy the company themselves to turn it into a worker-owned business. Governments provide loans to help facilitate transition as needed.

[@FTLNewsFeed]

honestly most people don't know about co-ops or how they differ from traditional corporate structures, so this talk really wasn't about direction but advocacy and getting the word out that these things exist and why they're beneficial, which she did a good job of.

[@majoroldladyakamom6948]

@@Dimitris_Half Also known as first right of refusal... and google it, rofl. Why do people ask such inane questions in the comments section, when you can Goggle or Wiki it??? 😖 Ugh!

[@majoroldladyakamom6948]

@@pnarey It is also a Real Estate term.

[@noeleendonagher]

Kerrygold started out as a co-op, it became a company in the late 80s. Now is one of largest dairy companies in the world.

[@disturbedcarrot]

I think you mean Kerry Group, yes they started in dairy but food ingredients is their main business now. Coincidentally, they just lost a long running legal battle with Kerrygold over branding.

[@Yerpyerp14]

Syndicalist here. ✊

[@andromaxbse6459]

Hear hear

[@236Mars]

A really great and insightful presentation.

[@wandalockhart9428]

Loved This!!

[@narumango22]

I see Co-ops, I click

[@Sathyanp88]

This talk inspired me to get start a co-op. I am not a businessman but I am into community service. I believe co-op is a wonderful way to balance economy and sustainable community development.

[@nsbmart2992]

Great speech

[@HarpreetSinghLive]

great insight of business! thanks much

[@Thenameisyashh]

Awesome

[@camadams9149]

Very interesting concept. I am moderately disturbed I have never heard, or seen, this concept anywhere (despite completing k-12, engineering undergrad, and minoring in economics). I'll definitely have to look into this some more

[@unregierbar7694]

Love it as long as it is not forced.

[@MichaelKilmanAuthor]

Are there job boards for American co-ops?

[@NizilShah]

See about Amul, an Indian milk cooperative. This coop model brought White Revolution in India.

[@cherubin7th]

Start your coop today

[@erikasalinas2720]

Great talk. Thanks. Gracias

[@Yotrek]

11:37 “it just needs better marketing”. In other words, Finland needs a worker owned media industry funded by the other cooperatives.

[@randomthings1293]

CO-ops, MUST be known

[@Ayoo_x]

nice

[@dhruvsodhani5386]

Good topic

[@tedsonkabiru4349]

Am Ted also wow !

[@randomthings1293]

Come on, watch this video!

[@Dray.TheChosen1]

Know that deep inside, you are resilient, brave and so much stronger and more powerful than your fears. 🙏🏽💙💫

[@victorfromheart]

the whole talk reminded me of a stewardess showing me my seatbelt and life vest. the content was good though

[@tcp1906]

Distributism rules!

[@glennsz]

This is basically the „right“ mix of communism and capitalism.

[@polfino]

I wouldn't say capitalism is broken. It is far from perfect for sure but it has achieved the greatest advancements in human history, so far. Is coop better? Maybe! Why not give it a try?

[@averageboi5195]

i mean capitalism has set into motion the greatest to Earth which is climate change in only a mere 200 years. i would say it's broken.

[@-_8809]

How is there progress when our system is unsustainable. Indigenous Australians lived for 60 000 years with no problem of over consuming their resource base. How long will industrial society last?

[@skfahadfardin2011]

Ok

[@KavinSarav]

NTK policy in tamilnadu.

[@randomthings1293]

Engagment

[@majoroldladyakamom6948]

It was also engagING, lol.

[@whatwouldbenice]

Noniiiiiin

[@Incred_Canemian]

Super capitalism 😎

[@bleach4138]

Found the enlightened Aldenist economic theory believer

[@twntwrs]

Lots of cheerleading, little to nothing about how a co-op works - how to set it up.

[@A_D624]

There is no such thing as a co-op in America.

[@JimVanderveen]

⁠@@A_D624Funny, I'm a member/owner of Sacramento Food Coop.

[@randomthings1293]

Random boost

[@lcifermorningstar191]

🧐🤔

[@randomthings1293]

Comment

[@loloknight]

Tienda de raya con membresía hmmm...

[@tiavor]

every form of business has it's place and not everything can be a coop. e.g. how is the liability with a coop? in a normal company only the owner is liable. in a coop it would be everyone I guess. Imagine giving every participant of a coop a 1 million dollar fine.

[@nHans]

You wrote _"In a normal company only the owner is liable"_ - in which country does that happen? In all other countries, the owners are *_not_* liable. That's what *"limited liability"* means. Worst case scenario: The owners lose the money they've invested in that company. Nothing more. Same with cooperatives. All these organizations-corporations, cooperatives, partnerships, non-profits-are legal entities in and of themselves. As far as the law is concerned, they are equivalent to humans. So, to answer your question, the cooperative itself is liable, not its owners, not its management. The management can be separately prosecuted and fined if they acted illegally, but not otherwise. If a cooperative is fined, say, 10 million dollars, the owners and the management are *_not_* required to pay it out of their own pockets. If the cooperative has the money, the cooperative pays the fine. Otherwise it is shut down and its assets are seized. The owners' other assets are not touched. This is exactly the same as with any other limited liability venture. It's at the heart of capitalism.

[@levmarchuk998]

if everyones the owner they wouldnt be fined on an individual basis dude

[@majoroldladyakamom6948]

That's why God invented Liability Insurance premiums, rofl! ✔ and Checkmate.

[@majoroldladyakamom6948]

@@levmarchuk998 Google Corporate Umbrella insurance policies. 🤔

[@DrSirmacek]

Tell me about environment. I can’t eat money.

[@tapio_m6861]

But you can eat the environment?

[@-_8809]

@@tapio_m6861 Where else do you think the human species came from other than Mother Nature

[@madmikesmountianmadness1917]

Felt like a damn Davos talk

[@randomthings1293]

Comment algorithm

[@Mratta911]

Generational wealth!!!! For colored folks !!!

[@_ra7imo_]

فلسطين حرة مستقلة

[@disturbedcarrot]

Co-ops are a great concept but struggle to raise sufficient capital for innovation and growth.

[@chadparmodrana8579]

First

[@kevaunforbes4303]

No cancel culture!!!!!!!!!

[@forrestl5597]

Cancel culture isn't new. The people have a right to express themselves, always has. Don't try to silence Free Speech.

[@ThomasBomb45]

How is this related at all to coops?

[@PythOfficial]

ʟᴏʟ

[@GaasubaMeskhenet]

Don't try to parasocial with me you rich If you can, please help my soon to be evicted family Only covid protections kept us safe before. Go fund me in the description of my videos

[@jameskulevich8907]

Blah, blah, blah... blah.

[@ThomasBomb45]

No actual criticism, so you just resort to children's insults?

[@Thenameisyashh]

Awesome