Rotating savings and credit associations (ROSCA) are among the oldest and most prevalent savings institutions found in the world and play an important role in savings mobilization in many developing economies. Roscas are locally organized groups that meet at regular intervals; at each meeting members contribute funds that are given in turn to one or more of the members.
Economic empowerment is the capacity of women and men to participate in, contribute to and benefit from growth processes in ways that recognize the value of their contributions, respect their dignity and make it possible to negotiate a fairer distribution of the benefits of growth.
A collective is a group of entities that share or are motivated by at least one common issue or interest, or work together to achieve a common objective. Collectives can differ from cooperatives in that they are not necessarily focused upon an economic benefit or saving, but can be that as well. Collective economics : leveraging purchasing power of low-income communities for collective gain
What are the advantages of membership in a cooperative? Cooperatives leverage the buying power of membership to purchase products or services. A cooperative business might focus on electricity, food, fuel or other products and services. … The advantages of a cooperative business derive from its structure and democratic model of governance.
Community Economic Development and Cooperatives. There is a natural affinity between community economic development (CED) and cooperative development. … By pooling human, financial and other resources, cooperative enterprises can be run by people who lack the resources to start or run individual businesses. A cooperative is “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise”. Do you know that????
Seventy-six percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder. Overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago.
Nearly six in 10 Americans don’t have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate.
Project 1024 sharing what are the differences between an Open Co-ops and Platform Co-ops?
Two cooperative movements are important in this discussion: Platform Cooperatives, and Open Cooperatives. One may be more publicly visible right now, but they have much in common. These movements marry the power of digital networks with the rich history of the cooperative movement. How do these approaches compare? Are they redundant, complementary, and mutually exclusive?
What exact problems do they solve, and what outcome do they seek? We explain their origins and characteristics, and see how the actions proposed by these movements can work together, helping us form resilient livelihoods in our networked age.
Platform Cooperatives and P2P vs the “Sharing Economy”
The sharing economy is an economic model often defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services that are facilitated by a community based on-line platform.
Much of what counts as sharing turns out to be nothing more than ordinary economic transactions between individuals arranged through digital platforms.
From the right angle, though, this “sharing economy” and its digital platforms could be seen as a Trojan horse, the good can advance the conversation beyond the ways people can share goods and services, to address the architecture of the economy where these relationships take place. In reality, we should be asking ourselves, “What economy do we want?”
First, some history. In the years preceding the appearance of these digital sharing platforms, something else was also cooking: online communities experimenting with different forms of exchange, collaboration and production. Commons-based peer production describes a new way of creating and distributing value. Internet-based P2P infrastructures allow individuals to communicate, self-organize and co-create abundant, practical value in the form of digital commons. Driven by absentee investors or shareholder accumulation.
The Origins of Open Cooperatives
Platform and Open Cooperatives do overlap, but with distinct differences. Open Cooperativism, in addition to proposing alternatives for gig-economy workers, focuses on traditional co-ops and the P2P/Commons movement since the beginning of 2014
What are the patterns of Open Cooperatives?
Open Cooperatives’ aims can be summarized in four recommendations, or patterns, but these guidelines are not meant to be prescriptive. Being the best open cooperator is not the goal here. Individual cooperatives and groups of commoners should examine their own material conditions and priorities to see which of these patterns they might use.
- Open Coops need to be statutorily (internally) oriented towards the common good
Production in open coops is determined by social and environmental value. In our existing economy, social rights and environmental protection are regarded as externalities (someone else’s cost or problem), and their regulation is assumed to be the responsibility of an increasingly absentee state. In an open co-op, these factors are not externalized. Instead, they are built into the legal matrix of operations to ensure accountability and compliance with the practices of a generative economy. These responsible principles can be motivators for starting an open co-op, even a point of honor for its members. Statutes oriented towards the common good can also expand on the seven cooperative principles, be updated for the digital age, and help offset troubling tendencies that can appear in certain cooperatives.
- Open Coops need to be multi-stakeholder in nature
The new, ethical, and sustainable open-source cooperative brings its commitment to economic and social democracy beyond the cooperative’s own company structure. Like an ecosystem, an economy does not work in isolation. Open Cooperatives seeks to enfranchise all participants in the economic value chain, not just cooperative members. This includes affective and reproductive labor, the creation of commons, and other forms of currently invisibilized work. The enfranchisement process can happen materially, through support and incentives, and through decision-making power, creating a forum for more voices to be heard. As in commons and contributory systems, Open Coops thrive with an ecology of membership
- Open Coops need to actively co-produce the creation of immaterial and material commons
Open coops don’t just draw from the Commons; they reciprocate, generating new commons in the process. These commons can be immaterial and/or material, and can help encourage cooperative (rather than capital) accumulation by using reciprocity licenses (PLR) Private License Resale. By immaterial commons we refer to code and design, but mainly to socially advantageous productive knowledge. These should never be privatized in order to generate artificial scarcity or profit maximization. Open coops may develop and maintain productive material infrastructures through distributed manufacturing, as well as mutualizing spaces for co-working, organizing retreats, and providing mutual support. Unlike the closed-sourced designs of for-profit enterprises with their rampant commercialization and planned obsolescence, commons-oriented manufacturing is geared towards modularity, durability and customization, and a more efficient use of resources (e.g. shared data, manufacturing facilities). That’s the recipe for creating the true sharing economy: commons-oriented manufacturing plus co-ownership and co-governance.
- Open Coops need to be organized socially and politically on a global basis, even as they produce locally. Project 1024 system is an International Opportunity.
These four patterns are the hallmarks of Open Cooperatives, but where are the existing open coops?
Open Cooperatives can open doors to an economy of abundance and sufficiency that works for all of society, future generations and the planet. Learn more about the Jobs Act (Jumpstart Our Business Startups) by clicking on Obama’s picture below.