gdn: a better economic world is possible--
“During the first four years of the ongoing European crisis, the report shows that cooperatives actually created a net increase in jobs. Employment in Italian cooperatives increased by 8 percent between 2007 and 2011. Furthermore, this “anti-cyclical” performance appears to be “caused primarily by the creation of new cooperatives.” In other words, as the global economy crumbled, people in Italy turned to cooperatives for a way forward.
As confidence in the current economic system continues to erode—with 70 percent of Americans believing the economy is rigged against them—we should pay close attention to the lessons Italy can teach us about how cooperatives can be a part of an alternative.”