No more profit before anything, eh!?
(yes, yes, I know - but see the BTW below)
And, if the co-op is in conformity with the Statement from The International Co-operative Alliance (the ICA) on Co-operative Values and Principles*, then that financial surplus will be sent back to its originating communities as a 'patronage dividend', as expenditure on member, worker and community eduction ( ' . . . especially young people and opinion-formers' and 'for the sustainable well-being of communities' (the latter from Principle 7.
*For the full ICA statement see www.ica.coop - and I've logged a copy of it in the papers' section at www.interestfreemoney.org.uk
BTW - back in 1999, The Co-operative Party adopted the motion that I/we drafted in the Welwyn/Hatfield Co-op Party branch and which was approved for submission by the Enfield and St Albans Co-operative Party Council, 'inviting all co-operatives to carry out and publicise Annual Co-operative Audits to demonstrate their fidelity to the Statement on the Co-operative Identity as periodically updated by The International Co-operative Alliance, the ICA'.
Notably, the ICA co-op values include equality and equity.
In the light of recent events, I hope that all co-ops will not accept that invitation:
Best - equally! - for all!