Friday, June 8, 2012

We learned about the cooperative ICoop which is an association of people who seek to have responsible economic activity by practicing ethical consumption and production. This is done through the respect for laborers who produce the goods which they consume they seek to demonstrate. We learned that the generation of ICoop in 1998, as an enterprise came about because of the initiative taken by some individuals, mostly women, who wanted healthier local foods for their families. They decided what they wanted; fresh, organic foods, produced in a manner they would feel was responsible. The point of a cooperative is that the people who benefit from it are also those who have invested in it as well. This leaves them more invested in the ins and outs of the business than perhaps typical consumers because they hold a sense of responsibility. ICoop has also been instrumental in social movements like free school lunch that would deliver healthy foods to all kids. The International Year of Cooperatives is something that was mentioned in the presentation. This was formulated by the United Nations in order to shed light on cooperatives as a source of employment and poverty reduction. The UN considers it an alternative business model that can help further socioeconomic development. This model could certainly have its benefits and with the world's many issues like poverty, environmental degradation and hunger.

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