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:
“Only conservatives believe that subversion is still being carried on in the arts and that society is being shaken by it.... Advanced art today is no longer a cause—it contains no moral imperative. There is no virtue in clinging to principles and standards, no vice in selling or in selling out.”
—Harold Rosenberg (1906–1978)
“Unless democracy is to commit suicide by consenting to its own destruction, it will have to find some formidable answer to those who come to it saying: “I demand from you in the name of your principles the rights which I shall deny to you later in the name of my principles.””
—Walter Lippmann (1889–1974)
“Struggle is the father of all things.... It is not by the principles of humanity that man lives or is able to preserve himself above the animal world, but solely by means of the most brutal struggle.”
—Adolf Hitler (1889–1945)