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Global Cooperative Ownership Promotion Act

Abstract:

This initiative supports the expansion of cooperative and democratic business ownership models across sectors by providing legal recognition, funding, education, and technical assistance to co-ops worldwide.

Description:

Initiative Title: Global Cooperative Ownership Promotion Act

Description:

  1. Legal Recognition and Frameworks:
    Encourage all countries to adopt or modernize legal frameworks that formally recognize cooperative business models, including worker-owned cooperatives, producer co-ops, platform co-ops, and consumer-owned enterprises.

  2. International Cooperative Development Fund:
    Establish a global fund to provide seed capital, low-interest loans, and technical assistance for starting and scaling cooperatives, with special focus on underserved areas and marginalized communities.

  3. Tax and Procurement Incentives:
    Offer tax benefits and preferential access to public procurement opportunities for certified cooperative businesses that demonstrate democratic governance and equitable profit-sharing.

  4. Cooperative Education and Leadership Training:
    Integrate cooperative economics and governance into national education systems and vocational training programs. Create global exchange programs for co-op leaders and youth.

  5. Digital Platform Cooperative Support:
    Support the creation of fair, democratically owned alternatives to gig economy platforms through regulatory sandboxes, open-source infrastructure grants, and equitable algorithm policies.

  6. Land and Infrastructure Access for Co-ops:
    Facilitate land, facilities, and digital infrastructure access for cooperative businesses through local government partnerships, land trusts, and low-rent community-owned spaces.

  7. Monitoring and Cooperative Certification:
    Create a global certification and reporting standard for cooperatives, ensuring transparency, democratic member control, and equitable surplus distribution.

  8. Global Cooperative Knowledge Hub:
    Build a multilingual, open-access repository of cooperative case studies, legal tools, business plans, and training materials to support new and existing cooperatives worldwide.

Possible Outcomes and Implications:

  • Shared Prosperity: Enables more equitable distribution of profits and power in workplaces and communities.
  • Stronger Local Economies: Builds locally rooted enterprises that reinvest in their communities.
  • Democratic Economic Participation: Empowers workers and members to participate in decision-making and own their economic futures.
  • Resilience to Economic Shocks: Co-ops have been shown to be more resilient in crises due to long-term thinking and collective ownership.
  • Innovation in Governance Models: Encourages experimentation with democratic governance, solidarity finance, and ethical enterprise design.

To change initiative or vote for it, on HarmonyVote GPT type into the Message box: 'Find "Global Cooperative Ownership Promotion Act" initiative.'

Voting Instructions:

  1. If you support the "Global Cooperative Ownership Promotion Act", respond with "Yes."
  2. If you do not support the act, respond with "No."
  3. If you have suggestions for modifications or additional points, please share them.

Votes:

1