Covid’s Metamorphoses: The Future of the Social Economy

By May 13, 2020NEWS

In this article Philip Kolvin QC and Alicia Scholer give their views on the long-term impact of Covid-19 on the future of the social economy.

Authored article by Philip Kolvin QC[1] and Alicia Scholer[2]

What we have been, or now are, we shall not be tomorrow.

– Ovid, Metamorphoses.

Summary

In this article, we consider the long-term impact of Covid-19 on the future of the social economy. We argue that current discourse concerning the transition from lockdown to gradual re-opening is necessary, but will be insufficient to save this important cultural and economic sector. The leisure sector was already undergoing rapid change in response to recent socio-economic trends. The coronavirus has served to catalyse those trends. The determinants of the future success of the social economy will go well beyond short term fiscal fixes. Rather, there will need to be far-reaching changes at town planning, regulatory and industry level. Towns and cities which recognise these imperatives may yet thrive. Those which do not rise to the challenge will lose a key part of their economy, and with it their social and cultural attraction. The disciplines required will share characteristics internationally. The precise constituents of the programme of change will vary according to the type of urban settlement. In all cases, the growing Night Mayor movement can play a key role in sharing and disseminating best practice, formulating policy and acting as an advocate and intermediary between the sector and government.

Full article on the Institute of Licensing Website:

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