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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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Shift Change Trailer

Shift Change is a new documentary (to have its world premiere on October 18, 2012, in Oakland, CA) that highlights worker-owned enterprises in North America and in Mondragon, Spain.  The film couldn’t be more timely, as 2012 has been declared by the U.N. as the “International Year of the Cooperative.”

Take a look at the preview and please share your comments!