“We have no Rockefellers or Carnegies, but we do have co-operatives.”

Today in Europe, fear is all around us. People are afraid that their jobs will disappear – taken over by robots, undercut by migrants or outsourced to parts of the world where labour is cheaper. They worry that the welfare state will have disappeared by the time they retire and that they will no longer be able to live in their neighbourhoods as property prices rise and our great cities become the preserve of the rich. Worst of all, they fear that their children’s lives will be worse than theirs, corroding the most valuable commodity – hope.


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