John Lewis is a successful co-operative, giving out many thousands of pounds to each worker in profit-share each year. It can be done successfully, and the Beast is right to extol their virtues (even while warning about their drawbacks).
The co-operative movement and store was a major part of working class life during the 19th and much of the 20th century. My parents used to shop at the Co-Op, and receive the books of Green Shield Stamps, a form of the enterprises early profit-sharing. They were also a very strong part of lower-class life in Russia in the years shortly before the 1917 Revolution. The historian J.N. Westwood describes just how popular they were in his book Endurance and Endeavour: Russian History 1812-1886, 3rd Edition, (Oxford: OUP 1987)
In contrast to its attitude towards trade unions, the administration did little to hinder, and even encouraged, the co-operative movement which flourished after 1905. Producers’ co-operatives in the form of artels were already part of Russian tradition; what was new was the sudden popularity of marketing and purchasing co-operatives. There was also a blossoming of the savings bank movement. by…
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