Law on Cooperatives
# Law on Cooperatives

* This article is part of a series aboutMikhail Gorbachev

Former General Secretary of the CPSU

Former President of the Soviet Union

Early life

Secretariate (1985–1991)

Soviet leader

Perestroika – Uskorenie – Glasnost

Anti-alcohol campaign

Chernobyl disaster

Demokratizatsiya

Law on Cooperatives

Spitak earthquake

Soviet withdrawal from Afghanistan

1989 elections

Presidency (1990–1991)

Head of state

Assassination attempt

Pavlov reform

New Union Treaty

August Coup

Dissolution of the Soviet Union

Foreign policy

New thinking

Murmansk Initiative

Sinatra Doctrine

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Summits

Geneva

Reykjavík

Washington

Moscow

Governors Island

Malta

Helsinki

Letter from Khomeini

Post-leadership

1996 presidential campaign

The Gorbachev Foundation

Green Cross International

Pizza Hut commercial

Social Democratic Party of Russia

Death and funeral

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The Law on Cooperatives was a major economic reform implemented in the Soviet Union during General Secretary Mikhail Gorbachev's perestroika and glasnost reforms. It was implemented in May 1988, allowed for independent worker-owned cooperatives to operate in the Soviet Union, as opposed to just state-owned enterprises, and gave guidelines as to how these cooperatives should be managed. While originally the law imposed high taxes and restrictions on employment, it was eventually revised so as not to discourage activity within the private sector.

