Only the cooperative system can solve all sorts of social, cultural and national problems
"In industrial cooperatives there should be dividend earning shares and not profit earning shares as in bank interest, otherwise these cooperatives will also become commercial enterprises. If there are profit earning shares, the spirit of the cooperative system will be destroyed and cooperatives will go into the hands of the capitalists. So, there must not be any preferential shares in any farmers, producers or consumers cooperatives, only dividend shares. Shareholders with preferential shares earn a fixed amount of interest from their shares regardless of whether the enterprise makes a loss or profit. Preferential shares are like the sonja system in agriculture. In the sonja system, sharecroppers get a fixed amount from landowners when they initially agree to cultivate their land. This is given regardless of the amount produced by the sharecropper, even if there is crop failure. Dividend shares earn a dividend which is defined as a return on the basis of the net profit earned by the enterprise. Shareholders must be people of high morality. In cooperatives, voting rights should be on an individual basis and not on the basis of the number of shares a person holds. In capitalist countries shares can be purchased. Democracy in capitalist countries is a farce because votes can be purchased and poor people cannot fight elections. Neither the commune system nor capitalism can solve human problems. Only the cooperative system can solve all sorts of social, cultural and national problems."
Shrii Prabhat R. Sarkar
We need all types of cooperatives - dairy, vegetable, horticulture, consumer - starting with small cooperatives financed by microcredit - tiny loans to the poorest of the poor. It is the way to an economic revolution! - WPA