| Powerful Ideas, Practical Actions |
March 2013 |
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The “Cooperative Economy” issue of YES! Magazine
Dear Reader,
Something’s off. The stock market may have hit record highs, but millions of Americans are out of work or stuck in low-wage jobs. Young people can’t pay for an education and the elderly can’t afford to retire. Our economic system is failing to deliver a decent standard of living.
Little wonder, then, that the spring issue of YES! Magazine on how cooperatives are driving a new economy is generating such excitement.
Co-ops aren’t new. What’s new are the opportunities we now have to expand the reach of the cooperative economy:
- Unions are joining forces with Spain’s successful Mondragon Cooperatives to bring the model to the United States.
- Communities looking for alternatives to expensive, for-profit health insurance are forming health care cooperatives.
- Thousands who “moved their money” from Wall Street banks to credit unions now have a say in how that money is loaned and invested.
- Consumers looking for ways to increase prosperity for small-scale producers are turning to cooperatives like Equal Exchange.
Instead of making more money for those who are already wealthy, cooperatives offer everyone ownership of an economy that benefits all life.
See for yourself what the buzz is about by taking a peek inside the issue. If you’re already a subscriber, thank you. Did you know that you can buy copies of this issue in bulk? Just $3 each for five or more copies.
Best,
Sarah van Gelder
Executive Editor, YES! Magazine
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| Tools to Build the Cooperative Economy
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6 Ways to Fuel the Cooperative Takeover
by Sven Eberlein

In the aftermath of the 2008 financial crisis, businesses, products, and services that benefit people, communities, and the planet—instead of a few megabanks and billionaires—have been in higher demand.
From now on, the global mantra for filling market gaps and new demands is going to be, “There’s a co-op for that.”~ But co-ops—like any kind of business—need customers, money, training, political support, and help from their communities. How do we shift from business as usual to the work of cooperation?

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| Also from the Cooperative Economy issue of YES! Magazine …
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Credit Unions Put Your Money to Work—Right Where You Live
by Colleen Kimmet
The first credit union in North America was established in 1901 in Quebec, by Alphonse Desjardin, a reporter who founded the Caisse Populaire after learning of a Montrealer who was ordered to pay nearly $5,000 interest on a $150 loan. Immigrants from Quebec to New Hampshire brought the model to the States when they founded La Caisse Populaire, Ste-Marie (now St. Mary’s Bank) in 1908.
One hundred years later, credit unions are experiencing a surge in popularity, as people resist paying exorbitant fees to the very megabanks that were at the center of the 2008 economic meltdown.
Vancity is the largest credit union in Canada, with close to half a million members. The cooperative was established in 1946 by 14 Vancouverites who wanted to build an inclusive, community-based credit union that any resident of the city could join.
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The Affordable Care Act hopes to drive expansion of health care co-ops.

 
Don’t Like Your Health Insurance? Make Your Own
by Nina Rogozen
Millions of Americans lack adequate health care, using emergency rooms as a costly alternative or getting no care at all. The Patient Protection and Affordable Care Act (ACA), often called “Obamacare,” opened the door for an affordable option. The December 31, 2012 deal between Congress and the administration that avoided the so-called “fiscal cliff” has, at least for the moment, closed that door for 26 states.
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BUY IN BULK
Buy copies of How Cooperatives are Driving the New Economy for $3 each.

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SUPPORT YES!
Give a monthly, tax-deductible donation of $5 or more to YES! and get the YES! Ambassador Kit, Marjorie Kelly’s book, and an ongoing YES! subscription
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International Happiness Day
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National Conference for Media Reform
Join Sarah van Gelder, Fran Korten, and other YES! staff at this not-to-be-missed event. We’re hosting a special session on Solutions Journalism.

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