The Community Right to Bid (part of the 2010-2015 coalition government’s enthusiasm for localism) is on the statute book. It allows communities to nominate buildings or land for listing as assets of community value. If these assets subsequently are put up for sale, communities are given six months to find the funding to purchase them.
Our businesses are assets of public value, too. We need an equivalent Right to Bid for employees. If a take-over bid is made for a firm, workers there should have the first option of acquiring the business and converting to a co-operative.
Radical? Only if you think it is. What a pity, for example, that Cadbury’s ended up part of Kraft Foods when for the last six years we could have been welcoming representatives of the Cadbury’s Workers’ Co-operative at UK co-op events.