This book is a major step forward in understanding the working of co-operative economies. Its appearance could hardly have been more timely. At a point when the global financial system and the models of economic governance have been thrown into question, it shows how it is that co-operative financial systems are more crisis resistant than contemporary private banking, and how finance can be structured to service long term local and industrial growth rather than subject it to the imperative of short term profitability. More generally, the authors describe an architecture of co-operative governance that has not only been innovative and resilient but is particularly well suited to any post crisis world that is reshaped round multi stakeholder engagement.
Senior Visiting Fellow at the London School of Economics Centre of Global Governance
Author of ‘Co-operation in the Age of Google’
Formerly Director of Industry at the Greater London Council