Economic Analysis of the Coop Movement by the CO Jan 3 1976
One of the most common questions raised about the coop movement is: where did the money come from?
This paper analyzes the economic factors which gave birth to the coops, the causes of their phenomenal growth, and subsequently the stagnation of the coops.
Labor is the basis of capital
Any economic analysis must start with the source of all wealth in society -- human labor. Labor not only creates all value, but also it is the measure of all value. Concretely labor can be equated with a dollar value because labor is the basis for all wealth.