We need a social economy By Ed Mayo, chief executive of Co-operatives UK The UK has a remarkable track record of social innovation and action in the economy, but one that rarely touches on mainstream economic policy. As a result, co-operatives and social enterprises, social investment and fair trade are all treated as solutions for when things go wrong, rather than the way to get them right. For sure, from time to time, one part of this becomes a fad. It was social enterprises, then co-ops, now employee ownership. And while the sun shines, we see partial gains – not least the landmark new Co-operatives Act which came onto the statute books this year, the result of a promise by the prime minister at the start of the United Nations International Year of Co-operatives in 2012. Even so, we remain a footnote within a wildly distorted contract, in which financial … (To read the full article, subscribe below)