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July 5th • Community Economics

Int'l Day of Cooperatives

An annual global observance, typically celebrated on the first Saturday of July, dedicated to recognising the contributions of cooperative enterprises to the world. It serves as a way to highlight how businesses owned and managed by their members can create a more sustainable and equitable economy. Beyond the economic focus, the day emphasizes the values of self-help, democracy, and community solidarity that allow these organizations to thrive. It is an opportunity to learn how working together in a cooperative model can help solve local challenges and improve the quality of life for people everywhere.

Team collaborating in a modern office

Speaking Discussion

  • What is the main difference between a cooperative and a traditional corporation?
  • In your country, are there many "co-op" businesses (like credit unions or farmers' co-ops)?
  • Do you think employees would work harder if they actually owned a small piece of the company?
  • "Profit is the only thing that matters in business." To what extent do you agree with this?
  • What are the potential downsides of a business where every member has an equal vote in decisions?
  • How can cooperatives help local communities survive during an economic crisis?

Activity 1: The Co-op Startup

The Task: You are part of a group of 10 people who want to start a new "Community Cafe" as a cooperative. Each of you has ,000 to invest.

Decide on three main rules for how the business will be run. How will you make decisions? How will you share the profit? Present your plan using at least 2 key vocabulary words.

Activity 2: Rapid Fire Sentences

Complete the sentence and justify it in 20 seconds.

  • "The biggest challenge of working in a team is..."
  • "If I could choose my own boss, I would pick..."
  • "Success in business is 10% idea and 90%..."