Scottish Community Wealth Building Bill
= "The new Scottish Community Wealth Building Bill ... is designed – through a series of economic levers – to redirect wealth from foreign corporations to local communities." [1]
Description
Michael Mezz:
"In February (2026), the Scottish Parliament passed a transformative new law that ... if it succeeds, could provide a blueprint for countries around the world to move beyond extractive capitalism and toward something better. The basic idea behind the newly-passed Community Wealth Building Bill. ... The new Scottish law is designed – through a series of economic levers, which I’ll explain below – to redirect wealth from foreign corporations to local communities.
...
The overall framework of this legislation is set up to require local officials to reduce economic and wealth inequality. To make this possible, local governments are now required to set up a variety of economic incentives that are proven to keep wealth in local communities, such as:
- Ensuring local government contracts to go local businesses
- Transitioning land and energy production from private to public ownership
- Bringing vacant land back into use in a way that benefits local communities
- Supporting the development of co-operatives, employee-owned businesses, and social enterprises
- Directing funding toward local climate resilience and mitigation efforts
Taken together, these policies are a way for the Scottish government to put their finger on the scales of the economy, providing advantages to businesses that build wealth locally – and improving their ability to compete with businesses that run on a more traditional, extractive corporate model."
(https://betterfuturemedia.substack.com/p/scotland-just-showed-us-how-to-keep)
More information
Inspired by the
- "Organizations like The Democracy Collaborative and the Wellbeing Economy Alliance have been promoting the adoption of community wealth building (CWB) legislation for years."