One of the hallmarks of a Distributist economy is the preservation and expansion of cooperatives. A new law recently signed by the president of the Philippines has done just that and more.
According to the magazine BusinessWorld Online, the new law allows cooperatives to give its members better access to training, as well as better educational and financial services. It also requires more attention to detail of a cooperative's accounting practices, as well as expanding the areas of business where cooperatives may be created.
This is positive news for the Philippines, which has for many years been on the cutting edge in promoting Distributism to the Third World. Congratulations are due to the Philippine government, and may other nations follow their example.