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: OSCA (association)
Famous quotes containing the word principles:
“Ah, I fancy it is just the same with most of what you call your “emancipation.” You have read yourself into a number of new ideas and opinions. You have got a sort of smattering of recent discoveries in various fields—discoveries that seem to overthrow certain principles which have hitherto been held impregnable and unassailable. But all this has only been a matter of intellect, Miss West—superficial acquisition. It has not passed into your blood.”
—Henrik Ibsen (1828–1906)
“It is always easier to fight for one’s principles than to live up to them.”
—Alfred Adler (1870–1937)
“My country is bleeding, my people are perishing around me. But I feel as a South Carolinian, I am bound to tell the North, go on! go on! Never falter, never abandon the principles which you have adopted.”
—Angelina Grimké (1805–1879)