UK Labour Party's economic democracy

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"Corbyn’s vision of democratizing the economy, contained in the Labour Party’s 2017 manifesto, For the Many, Not the Few, has opened up space for a far broader political conversation on the economy than has been possible in decades.

“None of this is about selling a fantasy. Real-world examples of democratic, participatory economic alternatives exist in communities across the globe. Worker ownership, cooperatives, municipal enterprise, land trusts, public banks, and a host of kindred institutional forms all represent ways in which capital can be held in common by both small and large publics. They illuminate how practical new approaches can generate innovative solutions to deep underlying problems.”