The amazing world of our thriving co-operatives, especially in the regions

The article highlights the growing trend of community-owned cooperatives in regional Australia, particularly in Victoria. These cooperatives are thriving by providing essential services and boosting local economies in response to market failures or threats to local businesses. Key examples include Yackandandah Community Development Company (YCDCo) and various renewable energy projects. These cooperatives operate on principles of community ownership, profit-sharing, and local reinvestment. The article highlights how these models are gaining momentum, with more communities adopting this approach to address local needs and build resilience, despite limited recognition in mainstream business education.