Thinktanks Call for Community Wealth Models and Plural Ownership in Post-COVID Settlement

Summary

CLES and the Democracy Collaborative argue for ‘a new politics of community control from the ground up’

Community wealth building and democratic, pluralistic ownership of the economy are crucial to any fair reconstruction programme after the Covid-19 crisis, says a report.

UK thinktank the Centre for Local Economic Strategies (CLES) worked with US organisation the Democracy Collaborative (TDC) on the Owning the Future report, which argues: “The Covid-19 pandemic has caught the United Kingdom woefully under-prepared. We face a major public and economic event of historical importance, potentially unprecedented in its magnitude
in peacetime.

“In the face of this, community wealth building policy and practice must shift to meet the scale of the crisis, rapidly building a new institutional power base for a new politics of community control from the ground up.”