Black Money Business Jobs : Ujamaa and the American Economy

Discussion in 'Black Money Business Jobs' started by Knowledge Seed, Feb 23, 2010.

  1. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    For the most part, it's safe to say that we all know that "Ujamaa" means cooperative economics. What I'll attempt to do in this thread is give examples of current and previous institutions in America that are/were economically cooperative.

    Credit Unions
    Credit Unions operate similarly to banks. The only major difference between the two is Credit Unions are not-for-profit and owned by their members. Typically, Credit Unions provide lower interest rates on loans and higher interest rates on saving accounts. Also, Credit Union employees are a lot more personable with their customers. Any financial surpluses that a Credit Union has is returned to account holders in the form of dividends in savings accounts.

    Learn more here: http://articles.moneycentral.msn.com/Banking/BetterBanking/DitchYourBankForACreditUnion.aspx

    Food Co-ops
    According to LocalHarvest.org, "Food cooperatives are worker or customer owned businesses that provide grocery items of the highest quality and best value to their members.....all food coops are committed to consumer education, product quality, and member control, and usually support their local communities by selling produce grown locally by family farms."

    The food co-op benefits everyone. The farmer gets an immediate customer base to sell the produce to and the members of the co-op get high quality food at a significant discount. If you're an avid believer in natural health, the benefits are even more numerous for you because you can take part of your produce and treat any illnesses that may arise.

    Mutual Insurance
    Mutual Insurance companies are wholly owned by their policyholders. These policyholders elect the leadership of the company which in turn gives them control over the rates that they pay. Any surpluses are returned to policyholders in the form of savings(ie Allstate's Accident Forgiveness - even though they're not a mutual insurer.)
     
  2. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Now that we all know some prominent examples of cooperatives and how they work, can we apply this model to healthcare? If so, how?
     
  3. Corvo

    Corvo navigator of live MEMBER

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    by creating large health care co-operatives
     
  4. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Health Partners did that but their members are complaining about high premiums.

    Could you be more specific?
     
  5. LindaChavis

    LindaChavis Well-Known Member MEMBER

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    I

    think we need two systems. First a prevention system that starts when your a baby..easy to implement and the Second would kick in if you have a disease that needs treatment. Costs would go way down. Just a thought..
     
  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa and Real Truth!



    Please explain and define the term, we, and how you are applying it above.



     
  7. Corvo

    Corvo navigator of live MEMBER

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    a co-operative health care in general, being a non-profit I would think would bring down costs, if it did not have to show large profits to it's shareholders.
     
  8. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    I think local cooperatives could work - they've already proven that they can - but a national cooperative would be a disaster.
     
  9. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    African Americans and Americans in general
     
  10. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    The easiest way for African Americans and Americans in general to apply the cooperative example would be to support President Barack Obama's Health Care initiatives, in my view.

     
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