Privatization and massive corporate influence have entrenched a sense of powerlessness by reducing our individual and collective ability to exert control and influence our own lives.
As people across the western world realize the abject failure of neoliberal privatization agenda, many are beginning to ask what comes next. How can the public reassert control of their lives against ever powerful corporate interests?
The answer to this is beginning to develop, nowhere more so than in the UK Labour Party under Jeremy Corbyn.
Corbyn’s agenda is about reversing privatization by reasserting the power of public ownership, not through faceless top-down bureaucratic regulation, but by local, multi-stakeholder control grounded in the needs and input of communities impacted by those policies.
A new interview with British Labour Party’s Shadow Chancellor of the Exchequer John McDonnell by the group We Own It explains in simple detail how a plan for expanded public ownership could work.