This week, Chris talks to Vera Zamagni, Professor of Economic History at the University of Bologna, Senior Associate Fellow at Johns Hopkins University’s SAIS Europe, and a former Vice President of the Emilia-Romagna regional government.
Since 1948, Article 45 of Italy’s constitution has recognised the social function of cooperation, and no government since has legislated against it. In Emilia-Romagna, that helped build an economy where more than 3,600 cooperatives sit alongside a dense network of small, export-focused private firms - Vera says cooperatives now account for up to a fifth of the regional economy once you include the firms they control.
In this conversation: the historical roots of the Emilian model, whether cooperatives and small private business can coexist with capitalism, whether any of this can travel beyond Italy, and why Vera believes the greatest threat to the cooperative model today isn’t politics - it’s artificial intelligence.
Become a Subscriber+ member to hear how Vera actually found her way into this work, and her years running part of the regional government: https://content.changingthenarrative.media
CHAPTERS
00:00 Opening
00:58 The Cooperative Economy of Emilia-Romagna
02:15 The Historical Context of Italian Cooperatives
05:55 The Roots of the Emilian Model
11:21 The Scale of Cooperative Italy Today
16:32 Can Cooperatives Keep Growing?
22:00 Cooperatives and Capitalism: Is Coexistence Possible?
26:08 Can the Model Travel Beyond Italy?
31:45 Resisting the AI Tsunami
33:54 Britain’s Identity Crisis and the Anglo-Saxon Trap
38:44 Culture Before Everything: Growing Co-ops Without the Italian Foundations
47:08 Italy’s Constitutional Shield
50:32 Building from Below: The New York Childcare Experiment
56:41 Cooperation Among Cooperatives: Italy’s Networked Model
Full show notes, chapters and further reading: https://content.changingthenarrative.media/written-into-the-constitution-how-italy-nurtures-and-protects-its-co-ops