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Private companies and banks see coops as the devil [for very obvious reasons] and fight them using regulatory capture and not engaging in business with them. It
by ex_amazon_sde 4y ago
Private companies and banks see coops as the devil [for very obvious reasons] and fight them using regulatory capture and not engaging in business with them. It's pretty well-known in the coop world.
Coops sometimes mitigate this disadvantages by networking with each other.
- zasdffaa 4y agoyou have a few examples of this?
- cuteboy19 4y agoBold claim but i don't think there are enough budding coops to even bother with such behaviour. Regulatory capture hurts all new startups and is unlikely to be aimed specifically at coops
- uoaei 4y agoCoops and startups are in different categories. It doesn't make sense to lump them in to the same group here, though I understand we are on a very techie-oriented forum.
- gruez 4y ago>fight them using regulatory capture and refusing to engage in business with them Can you provide concrete examples?
- sitkack 4y agoSame with credit unions. In fact if I were a coop going for a loan, I'd first to go a credit union.