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From: The Next System Project <nextsystem@democracycollaborative.org>
Date: Tue, Sep 24, 2019 at 8:01 PM
Subject: Our World-Transforming Ideas at The World Transformed
To: <michel@p2pfoundation.net>

The latest from The Next System Project

The Democracy Collaborative was a partner in The World Transformed conference, a four-day festival of politics, arts and music that took place this past weekend in Brighton, England to help build left power both inside and outside of government. Here are some of the big ideas we presented at the conference.

A Pharmaceutical Public Option for the UK

High prescription drug costs are a problem for the United Kingdom as they are in the United States. Our working paper, co-produced with the organizations Just Treatment and Global Justice Now, identifies how the key principles of public ownership can apply in the UK's pharmaceutical sector. It also sets out a vision of what democratic participation, engagement, and transparency would look like.

Get the report...

Meanwhile, in the United States the fight for a pharmaceutical public option escalates this week as House Speaker Nancy Pelosi introduced her own plan for lowering drug prices. Next System Project director Dana Brown looks at the bill and concludes that democratically owned pharmaceutical operations are the most important missing element.

The Truth Behind Inclusive Ownership Funds

Recently, the Financial Times launched a full-scale assault on the idea of “inclusive ownership funds,” in which businesses would share ownership with worker-controlled trusts, that contained an analytic error so egregious 82 distinguished economists felt compelled to publicly correct it. With our friends at Common Wealth, we published an explanatory graphic of the ownership funds framework, especially as more and more of the business press is recognizing that this is an idea that will need to be reckoned with.

See and share the graphic...

A Digital Cooperative Alternative to Online Giants

The top five firms in the world in terms of market capitalization—Alphabet (Google), Amazon, Apple, Facebook, and Microsoft—collectively have outsize power over the functioning of the global economy. Next System Project fellow Dan Hind argues in his latest report, copublished with Common Wealth, that reasserting the primacy of democracy over private power requires reckoning with these leading firms and with the digital sector more generally. He proposes a "public option" for the digital sphere in the UK, a British Digital Cooperative that would act as a space for egalitarian collaboration as well as rapid technological innovation.

Get the report...

Learn more about the basics of system change and catch up with past episodes of The Next System Podcast on our website, thenextsystem.org.

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