Arent consumer-owned cooperatives run by or owned by the government?
No. Co-ops are owned by the customers they serve. Co-ops are run by policies established by a consumer-elected board of directors, normally about seven people, who in turn hire a manager and chief executive officer to hire additional staff for the purpose of running the organization. People often confuse co-ops with federal ownership because they typically receive a portion of their financing through federal loans. The interest rate on these loans is typically what is paid by municipal systems.
