OUTLOOK: Co-operative is suffering from betrayal of a legacy
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Thursday 27 February 2014
Outlook Who cares about the Co-op selling its farms and pharmacies? We all should. The unravelling of the co-operative movement, and the thousands of redundancies associated with it, is a miserable indictment of the blinkered lust for growth that infected so many areas of commerce from the banking industry in the past decade.
The Co-op was founded in the 1800s by those trying to make life less of a matter of chance for ordinary people – from the quality and price of their food to their ability to save for hard times. What obscene risks their 21st century descendants took with that legacy.
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