Comment on Woolworths, Coles sued by ACCC for ‘misleading’ price drop claims

• ryannathans@aussie.zone ⁨1⁩ ⁨week⁩ ago

  Their definition sounds like too much work, would be better to pay someone to do the work

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  • Zagorath@aussie.zone ⁨1⁩ ⁨week⁩ ago

    I get the joke, but actually…yes. A co-op doesn’t mean the people actually doing the work don’t get paid. It actually doesn’t even mean not-for-profit, just that the people profiting aren’t shareholders, but people who actually have a direct stake in the business. That can be a customer-owned co-op, supplier-owned, worker-owned, or some combination of those. Those groups would be the ones making any profit, in a for-profit co-op. And in a not-for-profit worker- or supplier-owned co-op, the workers (including the CEO) and suppliers still get paid—they’re just able to be paid more while selling goods for the same price, or paid the same while achieving a lower price, than a non-co-op business would.

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