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

Closed on 22 January 2021

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.

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.