Living examples of experiments in sustainable wellbeing economics
October 7th, 2012 by Jules
These living examples include Participative Democracy experiments pioneered in places like Porto Alegre, Brazil and now in the UK.
They also include the flourishing co-operative movement which has worldwide membership of around 800m people and serves 3bn others.
Notable examples of these include Spain’s Mondragon Co-op Group Mondragon and the UK’s Co-operative Group and John Lewis, with revenues of £14bn, £12bn and £11bn. These enterprises have been shown to be more efficient than most private companies. The World Bank has said that, for over twenty years, Mondragon was “more efficient than may private enterprises…there can be no doubt that the co-operatives have been more profitable than capitalist enterprises.”
Similarly, in the co-operative banking sector, in 2009 60% of French bank branches were co-ops and in 1970 more capital sat in building societies in the UK than in banks. Much of the success of many co-op movements such as those in Almeria Spain have been shown to be down to the innovation and entrepreneurial support which comes from these co-operative investment banks.
State-wide examples of co-operative economics include the Quebec Social Economy.
Other mass-collaborative forms of enterprise include whats been described as the ‘fundamentally anti-capitalist‘ Wikipedia.