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:
“Every political system is an accumulation of habits, customs, prejudices, and principles that have survived a long process of trial and error and of ceaseless response to changing circumstances. If the system works well on the whole, it is a lucky accident—the luckiest, indeed, that can befall a society.”
—Edward C. Banfield (b. 1916)
“The mode of founding a college is, commonly, to get up a subscription of dollars and cents, and then, following blindly the principles of a division of labor to its extreme,—a principle which should never be followed but with circumspection,—to call in a contractor who makes this a subject of speculation,... and for these oversights successive generations have to pay.”
—Henry David Thoreau (1817–1862)
“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)