A new report from Common Wealth and the Democracy Collaborative (to which the authors contributed) presents several bottom-up and top-down proposals to fundamentally change the ownership structure, values, governance, and orientation of platforms and data, and gain control over the commanding heights of the modern economy.

First and foremost, this includes taking some or all of the large platform corporations into public ownership (either wholly or through a controlling or majority share ownership position). Part of this process must include embedding democratic principles at various levels.

For instance, if ownership stakes are taken in major platform companies, they should likely be held in an autonomous public trust (or similar vehicle) organised with democratic multi-stakeholder representation from workers, consumers, government officials, the general public, etc.

Read the full article at Tribune