Joe Guinan, senior fellow at the Democracy Collaborative and executive director of the Next System Project and the Democracy Collaborative’s director of research Thomas Hanna discuss the power of Jeremy Corbyn and examine the claims that public ownership is inefficient in this piece for openDemocracyUK. Corbyn has taken the labour party by storm, in part because of his push to put public ownership back in the political game. However, many people still bash him and his agenda. Guinan and Hannah tackle the arguments against Corbyn’s focus on public ownership and expand upon how this economic model can indeed serve modern society well.
…public ownership can indeed serve to decentralise economic power, rebuild and stabilise local communities, allow for the possibility of real democracy and participation, and provide the institutional support for political and social movements dedicated to genuine systemic change.