Instead of bailing out the fossil fuel industry in the wake of the COVID-19 crisis, the U.S. government should assert long-term ownership and control of the industry to ensure an eventual managed phase-out of coal, oil, and gas production.
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This response to the Labour Party’s Consultation on Democratic Public Ownership sets out the key features of what existing research and experience tells us works for creating democratic forms of public enterprise.
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Not since Marx identified Manchester’s manufacturing plants as blueprints for the new capitalist society have our political economy’s fundamentals faced a more profound transformation. As structural crises beset capitalism, a new mode of production is emerging: commons-based peer production.
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An introduction to the various (and often complementary) models for creating ownership funds at different scales and with different characteristics, designed to reshape company ownership so that it is democratic, inclusive, and purposeful by design.
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Giving workers a right of first refusal when their workplace is being sold could be an incredibly powerful and popular way to expand the democratic economy.
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For-profit energy utilities exercise their political and economic power to roll back climate regulation. Transitioning energy utilities to public ownership could help dismantle barriers to climate action and catalyze the redesign of power generation and distribution. A movement could simultaneously harness the opportunity for more democratic engagement in public utilities to accelerate energy democracy, while also taking for-profit utilities into community hands to reorient their focus towards the public good.
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