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Communities Building Their Own Economies

Steve Dubb
Stanford Social Innovation Review

Steve Dubb writes for the Stanford Social Innovation Review on the importance of having access to tools that educate and empower low-income communities to shape their economic future.

Empowering communities to take control of economic development is slow, patient work—and people funding or supporting it need to take this into account when assessing success. Long-term, place-based commitments are critical; parachuting in and out does little to build local capacity. And the metrics we use need to take into account the often intangible relationship-building that weaves together a truly empowered community; shortcuts and quick fixes can cause real damage.

As US Inequality Breeds Oligarchy, New Report Details Pathway to Equity

Jake Johnson
Common Dreams

Jake Johnson writes in Common Dreams about the Inequality Report released by The Next System Project and Insitute For Policy Study

That is the conclusion of a new report published Monday by the Next System Project and the Institute for Policy Studies. Their analysis makes overwhelmingly clear that despite the Trump administration's self-serving celebrations of the stock market boom and recent monthly job data, the vast majority of Americans remain locked out of America's tremendous wealth.

Read more at Common Dreams 

 

Could Preston provide a new economic model for Britain’s cities?

Justin Renolds
City Metric

Justin Renolds writes in City Metric about the Democracy Collaborative work with the city of Priston. The Democracy Collaborative along with other organizations are looking at ways worker coops could have positive affects in the Priston. 

The council worked with the Democracy Collaborative, a US consultancy closely associated with Cleveland’s reconstruction, and British think-tank the Centre for Local Economic Strategies (CLES) to identify anchors capable of bootstrapping Preston’s economy.

Read more about it in City Metric 

Single-Payer Would Be a Good Start, but Real Health Equity Means Tackling Economic Disparities

Dana Brown
Truthout

Dana Brown, of the Democracy Collaborative, writes for Truthout about tackling the healthcare gap by addressing economic inequality. 

The horrifying specter of Trumpcare, the shortfalls of Obamacare and the continued rise in overall health care costs in the United States have provided an important opening for proponents to put single-payer back on the table. Attempts at creating a national health insurance scheme have come close but failed several times before in US history. However, while it is imperative to ensure that every American has equal access to quality care, single-payer is insufficient when it comes to ensuring our right to health and well-being.

Read more in Truthout 

Newark's renaissance will be short-lived if companies don't hire locally

Kimberly McLain
Star-Ledger

Kimberly McLain writes for the Star-Ledger about the revitizaltion of Newark, NJ and makes an arguement about hiring locally:

[T]here are direct financial benefits to anchor institutions and businesses - hiring locally lowers recruiting costs, increases diversity and inclusiveness, strengthens employee commitment and loyalty, and reduces outsourcing costs.

You can read more here at the Star-Ledger...

Pluralism vs. Authoritarianism: Gar Alperovitz with Laura Flanders

Laura Flanders
The Laura Flanders Show

Reflecting and Planning Using a Community Wealth Building Lens

Brent Kakesako
Shelterforce

Writing for Shelterforce, Brent Kakesako takes a look at the 25th annivisary of the community wealth building field:

Our growing community wealth building field has the goal of building 'a new economic system where shared ownership and control creates more equitable and inclusive outcomes, fosters ecological sustainability, and promotes flourishing democratic and community life.'

Read more about the history of community wealth building in in Shelterforce ...

Will Impact Investors Embrace Employee-Owned Companies?

Anne Field
Forbes

Writing for Forbes, Anne Field takes a look at our new report exploring the impact investing landscape for employee ownership:

For social entrepreneurs concerned about growing income inequality in the U.S. and around the world, one way to spread the wealth is through employee ownership. With that in mind, you’d think impact investors would be clamoring to invest in such companies....

Read more about Fifty By Fifty's new report in Forbes...

The stage is set for an unusual political and economic experiment in Jackson, Mississippi

Information

Mississippi's poor capital Jackson will be in the next four years subject to an economic experiment led by black activists and a newly elected progressive mayor. The plan is to introduce a barter economy, start worker cooperatives and build affordable rental housing in cooperation with the City. Tea Party Republicans and the white business community are expected to resist

International coverage of Cooperation Jackson...read more 

Colorado Impact Report: Will Denver Become America’s First ‘Community Wealth’ City?

Ted Howard
Colorado Impact Report

In cities across America, a new form of local economy is emerging. Many call this growing movement “Community Wealth Building,” a framework for economic development built on principles of democratizing wealth, broadening ownership over capital, leveraging existing institutional assets to benefit place, and preventing money from leaking out of our communities. The goal is to reinforce core values such as equity, inclusion, local stability, and sustainability. A range of corporate and institutional forms, involving millions of Americans as owners and consumers, are part of this movement, including cooperatives, employee-owned companies, community financial institutions, land trusts, municipal and state ownership, impact investing, and social enterprise.

Read Ted Howard's contribution to the Colorado Impact Report

Inequality is Murder

The Zero Hour with RJ Eskow
We Act Radio

Murshed Zaheed talks during the Zero Hour radio show with Co-founder of the Democracy Collaborative Gar Alperovitz about The Principals of the Pluralist Common Wealth 

Gar Alperovitz, author of What Then Must We Do? Straight Talk About the Next American Revolution, is co-founder of The Democracy Collaborative and co-chair of its Next System Project. He is also the author of two major studies of the Hiroshima decision: Atomic Diplomacy: Hiroshima and Potsdam and The Decision to Use the Atomic Bomb.

How radical co-ops are leading the way to a new, democratic political economy

Miles Hadfield
Coop News

Organisations like Cleveland’s Evergreen Co-operatives are creating opportunities for co-ops in poor urban communities and helping to decentralise planning

Coop news cover's Gar Alperovitz Principles of a Pluralist Commonwealth highlighting the link between The Democracy Collaborative work with hospitals and the long term vision of a new socierty with The Next Sytem Project... read more 

 

New Report: Opportunities for Impact Investing in Employee Ownership

Fifty By Fifty

With income inequality in the United States at record high levels, employee ownership is increasingly being lauded as a potential solution to spreading wealth more broadly. Most recently, research from the National Center for Employee Ownership released in May shows that employee owners have a household net worth that is 92 percent higher than non-employee owners. They also make 33 percent higher wages, and are far less likely to be laid off...read more

The Preston model: UK takes lessons in recovery from rust-belt Cleveland

Hazel Sheffield
The Guardian

Ted Howard looks out on a group of people drinking tea from styrofoam cups at Preston town hall on a Monday afternoon in March. The social entrepreneur and author from Cleveland, Ohio, is the special guest at the city’s monthly social forum. “What’s happening in this community is historic – it blows my mind,” he tells the city councillors and local business owners. “We’re working out how to build an inclusive economy.”...Read More 

Amid “Constitutional Crisis,” Bernie Sanders Urges Workers To Seize Means of Production

Kate Arnoff
In These Times

The last few days have been a bit of a whirlwind, politically speaking. Most of it has to do with the onslaught of chaos that followed Donald Trump’s abrupt firing of FBI Director James Comey—a move political scientists agree is off the spectrum of normalcy in the history of the American presidency. Before his termination, Comey was leading an investigation into the Trump team’s alleged ties to the Russian government. Keith Ellison, deputy chairman of the Democratic National Committee, has said “we are witnessing a constitutional crisis.” Calls for impeachment are in the air, along with a good deal of conspiracy theorizing...read more

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