I have been listening to Nobel Prize winning economist Joseph Stiglitz and he is pro-cooperative.

He says “A lot of cooperatives in Europe are very successful as another model. One of the challenges is that as they get bigger, they often lose that initial spirit. But if you look at some of the most amazing examples of this in Bangladesh, for example, there are two agencies. BRAC and Grameen – you could call them co-operatives – have over five million members each and have managed to maintain that spirit, and an entrepreneurial spirit.”