Social economy

Cooperatives, a strategic pillar for competitiveness

A strategic asset capable of creating value and ensuring resilience in crises and prospects for lasting growth

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

 

Europe is redesigning its budget at a time when global competition is becoming tighter and internal challenges more complex: ecological transition, digital innovation, an ageing population, new geopolitical tensions. In this context, the choice of downsizing funds, for key sectors, risks weakening the continent's capacity to deal with these transformations in a balanced and sustainable manner.

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Also affected would be the social economy, which is not a niche sector, but an engine involving 3 million enterprises and 13.8 million workers in Europe, with a decisive role in strategic supply chains, welfare services and territorial cohesion. Of these more than 13 million workers, 4.7 million are employed in European cooperatives. In Italy, the cooperative movement represents 60 thousand enterprises 1.3 million employees, 12 million members and a total turnover of 160 billion euros, or 8% of GDP. Confcooperative, with its 16 thousand member enterprises, alone represents 550 thousand workers and 82 billion revenues: 4% of the national GDP.

The action of cooperatives in Italy crosses decisive sectors: 25% of Italian agri-food products, 80% of national fishing, more than 20% of bank branches with cooperative credit, 30% of retail distribution and welfare services that reach 7 million citizens, from minors to the elderly to the most fragile. Numbers and functions that describe a reality much closer to an economic and social infrastructure than to a niche sector.

The Commission's plan reduces resources for agriculture by more than 80 billion, weakening a sector that has guaranteed food security even in the most difficult times. Fishing drops from 6 to 2 billion. The structural funds lose resources and local intervention capacity, while on the social front substantial reductions are foreseen.

If we really want a competitive, sustainable and inclusive Europe, we need to fully integrate the social economy into the major EU strategies: 1) Agricultural, energy and consumer cooperatives are natural actors in the ecological transition: they invest in renewable energies, sustainable agricultural practices, short supply chains, circular economy. Their role must be recognised in calls for tenders and dedicated funds, simplifying access and rewarding collective models. 2) Digitalisation is not only a technological challenge but also one of inclusion. Cooperatives can guarantee fair access to technologies for small enterprises, rural territories and local communities. We need a targeted incentive scheme for cooperatives that invest in digital platforms, e-commerce, cooperative fintech and data-driven social innovation.

3) The extraordinary resources of the Next Generation EU have shown Europe's ability to react. But without a stable integration of the social economy into the structural funds, we risk returning to a welfare logic. Instead, cooperative investment projects in territorial health, home care, urban regeneration and training must be strengthened.

4) Social cooperatives have proven to be able to include fragile groups in the world of work. Europe must provide specific incentives for these realities, recognising them as partners in active policies.

5) Co-operative credit represents a fundamental safeguard for families and SMEs. We need a regulatory framework that recognises its specificity and supports its ability to provide credit to those who would otherwise be excluded.

The social economy is not a burden, but a strategic asset. It is capable of creating economic value and social capital at the same time, of guaranteeing resilience in crises and prospects for lasting growth. This and much more will be discussed today in Florence at the National Festival of Civil Economy with Giorgio De Rita, secretary general of Censis and Professor Gabriele Sepio.

If Europe chooses to sacrifice this heritage to accounting logics, it risks weakening its competitiveness at the very moment when it should be strengthened. On the contrary, if it knows how to value cooperatives as an integral part of its strategies - from the green deal to the digital agenda, from welfare to inclusion - it will be able to build a development model that combines growth and sustainability.

 

President of Confcooperative

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