CLES calls for new era of community wealth building
The post COVID-19 world must usher in a new era of community wealth building, according to a think tank. The Centre for Local Economic Strategies (CLES) has today (20 April) published two papers, which outline a number of measures to help build a new democratic economy, once the pandemic subsides.
The first paper was co-written with the US organisation, the Democracy Collaborative, and calls for ‘buyouts, not bailouts’ with national and local holding companies taking over failing businesses until they are able to be relaunched.
It also calls for a new green industrial strategy, to replace the UK government’s current industrial strategy, which the paper claims is ‘discredited’.