"Each co-operative institution will become a school of business in which each member will acquire a knowledge of the laws of trade and commerce"
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A railroad baron talking up co-ops is less a kumbaya moment than a power move in plain clothes. Stanford’s line sells co-operative institutions as practical education: not just places to buy and sell, but training grounds where ordinary members learn “the laws of trade and commerce.” That phrase matters. He doesn’t say people will invent new laws or challenge old ones; they’ll absorb the existing rules of the market as if those rules are natural, neutral, and ultimately beneficial.
The intent is reform without rupture. In the late 19th century, industrial capitalism was producing spectacular fortunes and equally spectacular unrest. Co-ops had currency as a way to blunt labor conflict, stabilize prices, and cultivate thrift and discipline among workers and farmers. Stanford frames participation as upward mobility by apprenticeship: you don’t need to overthrow the system; you just need to understand it. It’s bootstrap ideology with a ledger book.
The subtext is paternalism dressed as empowerment. “School of business” flatters the member as a learner-entrepreneur, but it also implies the member is currently uneducated in the supposedly objective mechanics of commerce. Coming from a businessman-politician who profited from monopolistic infrastructure and state-facilitated expansion, the promise reads as a legitimizing narrative: markets are fair if you’re trained to play them correctly.
It’s a savvy rhetorical compromise between populist suspicion of “the interests” and elite faith in commerce. Stanford offers co-ops as civic technology: channel collective energy into market competence, and you get quieter politics, steadier consumption, and citizens who internalize the system’s logic as common sense.
The intent is reform without rupture. In the late 19th century, industrial capitalism was producing spectacular fortunes and equally spectacular unrest. Co-ops had currency as a way to blunt labor conflict, stabilize prices, and cultivate thrift and discipline among workers and farmers. Stanford frames participation as upward mobility by apprenticeship: you don’t need to overthrow the system; you just need to understand it. It’s bootstrap ideology with a ledger book.
The subtext is paternalism dressed as empowerment. “School of business” flatters the member as a learner-entrepreneur, but it also implies the member is currently uneducated in the supposedly objective mechanics of commerce. Coming from a businessman-politician who profited from monopolistic infrastructure and state-facilitated expansion, the promise reads as a legitimizing narrative: markets are fair if you’re trained to play them correctly.
It’s a savvy rhetorical compromise between populist suspicion of “the interests” and elite faith in commerce. Stanford offers co-ops as civic technology: channel collective energy into market competence, and you get quieter politics, steadier consumption, and citizens who internalize the system’s logic as common sense.
Quote Details
| Topic | Business |
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