The problem there is getting the initial seed funding. Investors put money into companies because they want to have control over the company, and they can't do that with a cooperative. There is a systemic bias towards capitalist company structure because of that.
The reality clearly demonstrates that investors don't bother investing in coops. You've obviously never actually tried to get investors to invest in a coop.
If you ever try starting a coop you'll find out how hard it is to get investment in practice. It's kind of hilarious that you think nobody thought of these obvious things to try before you.
You can have cooperatives right now.
The problem there is getting the initial seed funding. Investors put money into companies because they want to have control over the company, and they can't do that with a cooperative. There is a systemic bias towards capitalist company structure because of that.
Investors want to make money above all. You can issue bonds with favorable interest rates as long as you have a solid business.
The reality clearly demonstrates that investors don't bother investing in coops. You've obviously never actually tried to get investors to invest in a coop.
No I haven't.
But I expect that the search for people who want to participate in an expanding cooperative is the bigger problem.
Do you know of a cooperative that wants to issue bonds?
I recommend learning a bit about the subject before arguing about it. Cooperatives don't issue bonds because nobody is going to buy these bonds.
Or cooperatives don't issue bonds because they believe that nobody will buy them.
It's the perfect investment for people who don't want to participate in the usual capitalism.
If you ever try starting a coop you'll find out how hard it is to get investment in practice. It's kind of hilarious that you think nobody thought of these obvious things to try before you.
It's not new but also not tried in a convincing way.
I believe that it is possible and that it's worth trying until a working combination is found.