HIBAPRESS-RABAT-N/U
This year, on July 6, the International Day of Cooperatives (#CoopsDay) has the theme “Cooperatives build a better future for all”
What is a cooperative?
A cooperative is an autonomous association of persons voluntarily united to meet their common economic, social and cultural needs and aspirations, by means of a jointly owned and democratically governed enterprise.
Thanks to their mode of operation focused on people and not on capital, cooperatives allow a redistribution of wealth in a fair and democratic way, more than any other business model, thus avoiding perpetuating and accelerating the global phenomenon of concentration of wealth.
First cooperative
The earliest evidence of a cooperative comes from Fenwick, Scotland. There, on March 14, 1761, in a sparsely furnished cottage, local weavers carried a sack of oats into a front room of John Walker’s cottage and began selling its contents cheaply, thus establishing the Fenwick Weavers’ Society.
