What is expected of worker-owners, and what is given to them? What does it mean to "contribute equitably to, and democratically control, the capital" of a cooperative and what is done with surpluses?
This week Kevin, Larry and Cinar discuss the third principle of the first of the Rochdale Principles: Member economic participation, which states, "Members contribute equitably to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership."