Principles
From OSCA's web site:
- The principles which guide modern cooperative organizations including OSCA were formulated in 1844 by a group of textile workers in Rochdale, England who were fed up with the exploitative nature of the market during the British Industrial Revolution. They decided to pool their money and open a small retail store which operated on principles which have become the foundation of modern co-ops.
- These principles are:
- Open membership
- Democratic control
- Limited return, if any, on equity capital
- Distribution of economic savings
- Education of members
- Cooperation among cooperatives
- Political nonpartisanship
Read more about this topic: Oberlin Student Cooperative Association
Famous quotes containing the word principles:
“The scope of modern government in what it can and ought to accomplish for its people has been widened far beyond the principles laid down by the old “laissez faire” school of political rights, and the widening has met popular approval.”
—William Howard Taft (1857–1930)
“It is the genius of our Constitution that under its shelter of enduring institutions and rooted principles there is ample room for the rich fertility of American political invention.”
—Lyndon Baines Johnson (1908–1973)
“All those who write either explicitly or by insinuation against the dignity, freedom, and immortality of the human soul, may so far forth be justly said to unhinge the principles of morality, and destroy the means of making men reasonably virtuous.”
—George Berkeley (1685–1753)