Noting that a majority of British residents support public ownership of the railways and key utilities, this new paper from the Co-Operative Party calls for modern forms of democratic public ownership. The authors outline how democratic public ownership can lead to productivity gains and protection from government underinvestment in critical infrastructure. The paper outlines what ownership could look like across rail, water, and energy, making actionable recommendations in each sector
The Labour Party , Cheryl Barrott, Cllr Mathew Brown, Andrew Cumbers, Christopher Hope, Les Huckfield, Rob Calvert Jump , Niel McLnroy and Linda Show
The Labour Party
Exploring alternative models of ownership the UK Labour Party begins to see community wealth building as an alternative to the financial driven community development:
...locally-led ownership is not necessarily as simple as ownership in the physical sense. More to the point, the term indicates that the economy in an area is not ‘owned’ by corporate interests, but rather it is ‘owned’ by the local community. As such, it refers to the localisation of economic control. This means that economic decisions, made locally, are used to try to advance the interests of the community as a whole, to strive to achieve ‘Community wealth building’. It is about empowering communities to address the challenges that they face.
This report published by the Centre for Local Economic Strategies (CLES), a UK-based think tank focused on progressive economics, discusses the potential to leverage public spending to build community health. The authors detail how local anchor institutions in Manchester and Preston have already re-directed a significant portion of their procurement to local businesses. The report includes recommendations for scaling this approach across the UK, calling for revised legislation that integrates the economic, social, and environmental value of procurement into public purchasing guidelines.
Mette Rodgers writing for Information Magazine, in Denmark, about the exploration of alternatives to capitalism through the Democracy Collaborative's Next System Project. She interviews Ted Howard about the community wealth building project and the ideas being put forth by the Democracy Collaborative:
"...If 'our side' actually won the power, then we would have no idea what to do with it. There is no articulated political program yet," he says."
This new guide, published by the UK’s Co-Operative Party, outlines the steps needed to develop a community wealth building ecosystem. Aimed at local officials and public-sector institutions, the guide provides information on these steps, from developing leadership to shifting procurement, a background on community wealth building, a case study of this approach in Preston, England, and recommendations for actions localities can take.