Whilst each co-operative grows out of specific economic, political and social circumstances, the application of this 6th Principle enables co-operatives to achieve the strategic positioning of co-operatives as a leading business model, proudly demonstrating they are democratic institutions, leaders in stakeholder participation and in facilitating genuine community engagement.
Larger more established co-operatives or co-operative groups should take a close interest in inter-co-operative engagement and links with smaller co-operatives, newer co-operatives and those at different stages of development. This is of mutual benefit in sustaining the co-operative commonwealth and in demonstrating the diversity and adaptability of the co-operative approach to business.
Building a strong sustainable co-operative economy is at the heart of why many people in the 21st century in numerous countries are choosing to form co-operative businesses. Co-operatives offer an empowering model based on self-help and self-reliance; a stark contrast to the consolidation of wealth and power in the hands of the small number of wealthy investors that has characterised the global economy for decades. Co-operation amongst co-operatives is fundamental to creating an economy in which the production and distribution of goods and services is undertaken in the spirit of mutual self-help and in the best interests of all the communities co-operatives serve.