Could this be the end of the billionaires in Europe?
A movement is growing exponentially -- and ironically -- and we're just now starting to map it
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A new economy is being built. Right now.
735 organisations across 35 European countries are quietly replacing neoliberal capitalism with something entirely different. Half of them were founded in the last decade.
This is way more than a fringe movement.
Journalist Shafi Musaddique broke this story for Alliance Magazine — and it’s worth reading in full.
The short version: the UK, Germany, France, Spain, and Belgium are leading this shift.
You heard that right.
The same nations that built colonial capitalism are now funding its replacement. With, as the report notes, less than 1% of the capital that launched neoliberalism in the first place.
The research comes from a report called Fertile Ground, commissioned by Partners for a New Economy and carried out by Metabolic. It’s the most comprehensive mapping of the new economy ecosystem in Europe to date.
With a new economy growing and business models making it impossible to accumulate vast amounts of wealth, could this be the end of billionaires, starting in Europe?
Read + explore:
🗞️ Shafi’s article — the story that started this
🗺️ The New Economy Index — 700+ organisations, searchable by country and theme
📊 Metabolic’s key findings from the Fertile Ground report
We’ll be updating this as the story develops. If you know of organisations doing this work — especially outside Western Europe — drop them in the comments.
Looking for this in the US and globally? Check out our list.
Jessica Friday is a wellbeing economist and culture strategist. With a community wealth building story that’s been cited in Scottish Parliament and millions of views on her content worldwide, she coordinates hundreds of movements worldwide ditching the economy we have now for one that works for all of us.
To follow her journey, find her on the socials here.
Read this short story and couldn’t find out explanation for the title.
On the list from Belgium are mostly think-tanks and advocacy organisations but there are many more small alternatif businesses and coops i know actif in many fields that are not on the list. So zlso in practice, the wellbeing rconomy is growing. Let the mycillium do it’s work and grow slowly and steady in the ruins off the old dying system. Thank you for your information and advocacy!