@kaptainwalcott@mastodon.social I dont buy that explanation. Co-ops have always been legal right along side traditional companies. Even in new markets where no existing companies existed (like when america began moving west)

As for banks not loaning them, I dunno. Ive had to stand up in front of a lot of investors (not usually banks) to get money for companies I was starting. They care about my profits, my effiency, and how well I operate as a company. I cant imagine the investors I've dealt with in the past would care if it was a co-op or not if it was proven to work. They just want their money.