uniteddiversity is a existing blog cooperative - or it is at least very similar to the concept of the blog cooperative described on this site.
One of the founders, Josef Davies-Coates, has contributed many interesting comments and links to the discussions on this site. (To be honest, I have't had time to explore the numerous links that Josef has provided, I intend to soon). Thanks, Josef.
The following quote seems to summarize how uniteddiversity operates:
Our structure is simple and self-organising, flexible and fair. Anyone can join uniteddiversity, and members suggest, discuss, vote on, and allocate resources to, the projects and tasks on the list. Members are then free to work on any number of different projects or tasks.
uniteddiversity even has an online store. Profits become part of the united diversity commons, owned by the members.
uniteddiversity has another great quality that I admire in any organization. It means something. It strives to make a difference in the world. All organizations and companies can try to make a difference in the world, but few actually make any effort.
Click here to visit the uniteddiversity site.