While this is true, one of the defining features of coops is that they also tend to ask their workers (themselves) to work more for less pay during economic down-turns (mainly due to the workers also being owners). This tends to make them more resilient and less short term profit oriented, but can sadly also result in drawn out death spirals of self-exploitation.
Any company can go to hell, it depends on many factors, but a cooperative is always a preferable model, since in this case the employees work in their own interest and not only in the interest of the company and its owner. It is they themselves who can determine the needs at eye level and not accept them as subjects.
While this is true, one of the defining features of coops is that they also tend to ask their workers (themselves) to work more for less pay during economic down-turns (mainly due to the workers also being owners). This tends to make them more resilient and less short term profit oriented, but can sadly also result in drawn out death spirals of self-exploitation.
Any company can go to hell, it depends on many factors, but a cooperative is always a preferable model, since in this case the employees work in their own interest and not only in the interest of the company and its owner. It is they themselves who can determine the needs at eye level and not accept them as subjects.