The Social Advantage of Co-operatives -
September 28th, 2010
The Social Advantage of Co-operatives
A co-operative is basically a socio-economic organization with a constructive attitude towards the community. Since, the relatively poor section of the community form the majority, the economic benefits of the co-operative movement meant for them are bound to develop social benefits. In totality, the co-operative actions contribute to a richer and happier social environment.
Whether the society is capitalistic or socialistic, modern life has brought in its wake a variety of tensions. A co-operative organization functioning in true spirit can help to reduce these tensions as the people are enabled to work in unison and under equal conditions.
The social dimensions of co-operation would appear to be diverse and full of potential. In a way, they extend to the functioning of democracy through its insistence on education and widely distributed authority among the fellow members of the organization.
Co-operation is concerned with the social peace and stability as evidenced and seen by its approach to the generation of employment opportunities and adoption of moral and equitable policy towards all, in respect of the dealings in trade and investment decisions.
The term ‘co-operative commonwealth’ though vague in its connotation, emphasizes service as the central theme. It envisages minimizing of conflict between the co-operative enterprises and the community as well as between the employers and the employees.
In the process, it aims at a social change that will ensure the optimization of economic welfare. The concept seeks to achieve a synthesis of a free enterprise and socialization.