Who are the wealth creators?

Last Friday’s Ways Forward conference in Manchester, organised by Co-operative Business Consultants (or to be accurate, organised more or less singlehandedly by CBC’s hard-working Jo Bird) was the sixth such event in what is becoming a regular feature in the co-operative activist’s diary.

Two speakers particularly impressed.  Both reminded their audience of all that’s wrong with the present economic system – and why, as at least one way forward, co-operative business models need to be nurtured. Molly Scott Cato (the Green Party’s MEP for the South West) stood in as a speaker at short notice and offered a robustly radical appraisal of the issues facing us, while leaving us at the end of her contribution with a sense of hope.

Rebecca Long Bailey, Labour’s shadow Treasury spokesperson, is an articulate and passionate political speaker who is becoming a regular at the Ways Forward events. She was in fine form on Friday. The text of her speech has come through to me, and I will offer here just one short extract:

“Our co-operatives embody a forgotten truth about the world: wealth is created collectively, not by some small minority group but by workers, the community. Sadly when we talk about wealth creators however we don’t mean those people who created the wealth in the first instance, it usually means the wealth controllers and the wealth owners. But we know the reality is that the resources of our world are created collectively and we want that to be reflected in the way our wealth is owned and managed, and that is why we are dedicated to expanding the co-op sector and making sure that in the future we all feel that we have a real stake in our economic future.”