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its-chilly-up-here OP t1_ixrv5cn wrote

Reply to comment by jx962tw in ELI5 the difference between a corporation and a co-operative? by its-chilly-up-here

So shareholders vote on major company decisions, and corporations dictate. They both have boards though no?

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e-sea1 t1_ixrxis0 wrote

In corporations, shareholders hand down decisions from above. People who work at the corporation do not have a say in what decisions are made. If the decisions negatively affect the workers, the workers have no way to make things better for themselves unless they're in a union.

In a co-operative, workers vote on decisions that affect them directly. People who work at the co-op have an intimate say in what decisions are made. If the decisions negatively affect the workers, they are able to have their voices heard, and make positive changes.

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