Industrial Common Ownership Movement - UK

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Pat Conaty:

"Co-operatives are a form of commons, potentially. They’re developing a common wealth asset. For example, the Industrial Common Ownership movement, which was developed in the 70s, was trying to increase the number of worker co-ops in this country. The Industrial Common Ownership Act was passed when Tony Benn was at the Department for Trade & Industry. They set up co-operative development agencies (CDAs) and by about 1990, the number of worker co-ops in the UK had grown from 100 or so in the mid-70s to 3000. So there was a huge growth in common ownership businesses. Then the policy changed, CDAs had their budgets cut, and the number of worker co-ops has fallen again to under 500. But they were trying to develop common ownership of the means of production." (