If yes, what should be the appropriate institutional mechanism for this social audit function? Conclusion 47. Let me now conclude by summarizing what I have said. I argued that notwithstanding stereotype views to the contrary, the cooperative ethic remains relevant even today.
Indeed, we have become even more aware of the value of a member driven, grass root institution like the cooperative after witnessing the devastation caused by the greed and excess of the financial sector that resulted in the global financial crisis of 2008/09.