If you have ever worked somewhere where there is low trust, you will know the difference that a co-operative environment can make.
Some fascinating new research out from the University of Rome this month explores whether co-operative enterprises create social trust.
Their headline conclusion is that if you work in a co-operative, you are 37% more likely to experience social trust than if you work for a conventional firm – and 48% more likely than if you work in the public sector.
They conclude that this “suggests that the development of cooperative enterprises – and, more generally, of less hierarchical models of governance and of not purely profit maximizing forms of enterprises – may play a crucial role in the diffusion of trust and in the accumulation of social capital. This may contribute to increased resilience of the economic system, especially in times of crisis.”