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Which of the following journal was founded by Dr. William King in 1828?

AThe Economist

BThe Indian Cooperator

CThe Co-operator

DThe Cooperative Journal

Answer:

C. The Co-operator

Read Explanation:

Dr. William King (1786–1865)

  • Born on 17 th April 1786

  • Birth Place : Ipswich ,UK

  • Nationality: British

  • Profession: British Physician, social reformer, and co-operative pioneer.

  • Christian socialist

  • Known As: The intellectual father of the co-operative movement in England

  • Role: Early co-operative leader, reformer, and ardent follower of Robert Owen.

  • He advocated smaller and compact type of colonies.

  • According to William King, Only men of knowledge was the basic things for the success for the co-operatives.

  • William King give importance to family.

  • According to William King Family is considered to be the nucleus for cooperative life.

Philosophy & Contribution:

  • Believed education and morality were essential to successful co-operation.

  • Strong advocate of self-help, mutual aid, and democratic management.

  • Emphasized that co-operatives should be owned and managed by the members themselves.

  • His motto: “Knowledge and union are power. "power, directed by knowledge is Happiness is end of creation.

  • Founded "The Co-operator" (1828): A journal aimed at spreading co-operative ideas and educating workers.

  • Promoted consumer co-operative stores run by and for workers.

  • His writings influenced the Rochdale Pioneers, who developed the foundational principles of the modern cooperative movement.

  • He founded cooperative store in Brighton.

  • Dr William King Hospital started in 1821 in Brighton.

  • Acquiring knowledge is one of the first principle of cooperation by Dr William King.

  • Pioneer in cooperative trading organization.

  • Cooperative trading organization meant for doing retail consumer business.

  • Cooperative Trading Organization “Britain Cooperative Benevolent Fund Association started by William King in 1827.

What He Believed?

  • Poverty, disease, and crime were caused by bad economic and social systems

  • The solution for workers was co-operation

  • Co-operation should be based on Christian values

  • Wanted to change society to help people live better and happier lives

Initiatives

  • 1828: Founded the Co-operative Journal called The Co-operator in Brighton.

  • Used it to spread co-operative ideas and educate working-class people

  • The journal ran until 1830, becoming highly influential

Legacy

  • Inspired the Rochdale Pioneers (1844), who later formalized the co-operative principles

  • Promoted retail co-operative stores as a means to empower the poor through collective buying

  • Advocated that co-operatives should combine both commerce and education

Key Beliefs

  • Co-operation must go hand in hand with education

  • Societies must focus on self-responsibility and democratic control

  • Co-operatives are a moral and social movement, not just economic


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Pillars of corporate governance facilitates

  1. All members are responsible and accountable for their decisions and actions.
  2. Participation of members is needed.
  3. Cooperatives must be audited regularly.
  4. No secret deals should be there in cooperatives.