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Rebuilding a sustainable world.


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This Week’s New Economy News

There are a lot of interesting and exciting things happening on the new economy front this week.  This from New Zealand:

Jan. 24 (BusinessDesk) – New Zealand’s top 30 cooperatives contribute more than $42.3 billion per annum to the economy in revenue, a new report has found.

The report, by industry body Cooperative Business New Zealand and researchers from Massey University and Auckland University, shows the top cooperatives and mutuals have a revenue-to-gross domestic product ratio of 17.5 percent. The data “confirms the importance of the cooperative business model to New Zealand as a country,” said Cooperative Business chief executive Craig Presland. A total of 1.4 million New Zealanders are members of cooperatives.

Yes! Magazine, always a great source for news regarding the new economy has an on-going series exploring innovative local solutions to business problems state-by-state.

In 2009, United Steelworkers … met with representatives from Spain-based Mondragon, the world’s largest worker cooperative, to develop a plan for industrial steel workers to transition into worker-ownership. Cooperatives, they believed, would put more power in the hands of workers.

The partnership sparked an idea with labor organizers in Cincinnati. And in 2012, labor representatives founded the Cincinnati Union Co-op Initiative (CUCI), a union co-op incubator that nurtures startups, aiming to create an integrated network of union co-ops that sustain and support each other.

Another interesting concept is Platform Cooperatives:

‘Just like traditional co-ops, platform co-ops are organisations that are owned and managed by their members,’ says the Open Co-op’s Oliver Sylvester-Bradley. ‘While traditional co-ops are normally based around a physical community of members, platform co-ops live online and are normally populated by online communities of members.’

If you are interested and can attend, Open 2017: Platform Cooperatives will be holding a conference in the UK on Platform Cooperatives.  The dates are February 16th and 17th. Organizers of the event promise a gathering of “thinkers, practitioners and new ideas around the digital economy.”

To find out more about the event, and for the full programe, visit 2017.open.coop


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Co-ops Help Lift People Out of Poverty

Laura Flanders is a big proponent of co-operatives.  In her recent article in Yes! magazine, she demonstrates how Cooperative Home Care Associates, the nation’s largest cooperative lifts people out of poverty:

When Arroyo convened a first-of-its-kind hearing on co-ops this February, New Yorkers packed not one but two hearing rooms at City Hall.

Among the co-op members who testified was Yadira Fragoso, whose wages rose to $25 an hour—up from $6.25—after becoming a worker-owner at Si Se Puede, a cleaning co-op incubated by the Brooklyn-based Center for Family Life. Translation at the hearing was provided by Caracol, an interpreters’ cooperative mentored by Green Worker Cooperatives.

By spreading risk and pooling resources, co-ops offer people with little individual wealth a way to start their own businesses and build assets.

The article also talks about the need for government policies, at a local level, that support cooperatives:

New York City is going—in a big way—for worker-owned cooperatives. Inspired by the model of CHCA and prodded by a new network of co-op members and enthusiasts, Mayor Bill de Blasio and the New York City Council allocated $1.2 million to support worker cooperatives in 2015’s budget. According to the Democracy at Work Institute, New York’s investment in co-ops is the largest by any U.S. city government to date.

Funding for supportive nonprofits is not the only thing co-ops need from cities. In Spain, Northern Italy, Quebec, and France, robust worker co-ops benefit from laws that help co-ops access capital and public contracts. In New York, even as public dollars flow to big businesses as incentives, public spending is on the chopping block. The first city-sponsored trainings with a new, cooperative-inclusive curriculum started this summer, but passing co-op-friendly laws is going to take political power—of the sort that elected today’s progressive city leadership.

This $1.2 million won’t end poverty, but it’s a step in the right direction, says Christopher Michael of the New York City Network of Worker Cooperatives. “We have all the raw ingredients of a successful policy initiative: engaged groups, a bit of a track record and support in the city council…

“This is just a start.”