Adapt and Adopt Italy's Marcora Law and Mutualistic Fund Scheme

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Adapt and Adopt Italy's Marcora Law and Mutualistic Fund Scheme

Petition Details

The Macora Law facilitates the buyout of failed companies by employees as new entrepreneurial 'Phoenix' Co-operatives with adequate capitalisation.

Mutualistic Fund scheme promotes Co-operative development funded by Co-operative Societies through a 3-5% levy on annual surplus.

Additional Information

The Macora Law created a framework for Mutualisation of failed companies, capitalising them with unemployment benefit and other state / private finance to save otherwise viable business. In light of the Covid-19 Crisis we should adopt such a framework.

Mutualistic Funds promote the development of new co-operatives and existing ones by enacting Co-operative Principle 6 nationally. Given direction by Co-op Federations they facilitate entrepreneurial co-operators to grow the Co-operative Economy.

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