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Legal Innovation: Sustainable development and impact measurement

SK Santosh Kumar Public Seen by 1
SK

Santosh Kumar Fri 5 Mar 2021 9:54AM

SOCIAL IMPACT

United Kingdom

Role of Cooperatives in responding to crisis (Greater Manchester Cooperative Commission report)

When there is a market failure, or a crisis of any sort, people react in a particular way. Of course, there are those who merely seek to take advantage of the vulnerable; but in general humans do the opposite – as social creatures they look out for each other. We respond collectively, because we want life to continue as normally as it possibly can. We co-operate, which is a basic, normal, human instinct.

It’s what happened in a number of places in nineteenth century as the industrial revolution wrought havoc on people’s lives. It led to credit unions, co-op stores, building societies, friendly societies to protect people against sickness, accidents and bereavement, and mutual insurance. Over the course of 100 years or so, this became a way of life, and the older folk remember it.

Build Back Better report (Key recommendations from the report)

These are some of the things that the GM Cooperative Commission’s recommendations call for:

Building a Cooperative recovery - blog post A different future

The brief opportunity which we have is to do the following: