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Cross-Sectoral

Indian Country the Site of New Developments in Community Wealth Building

Five projects seek to launch social enterprises and employee-owned business in Native American communities
Indian Country is the site of some exciting new work taking shape in social enterprise and employee ownership. Five Native American projects are being developed as part of an initiative managed by The Democracy Collaborative and funded by the Northwest Area Foundation, known as the Learning/Action Lab for Community Wealth Building.

Rethinking Community Economic Development Beyond “Rent or Own”

Changing the ownership picture to build community wealth

Crossposted from Rooflines: The Shelterforce Blog

Although the notion of building wealth through home ownership has taken a beating in recent years due to the Great Recession, ownership more broadly is still seen as a key factor in building wealth. So says the Greenlining Institute. So finds a recent study authored by Thomas Shapiro and colleagues at Brandeis University’s Institute on Assets and Social Policy. Even the Housing and Economic Development Commission of the National Baptist Convention agrees.

How to Democratize the US Economy

Gar Alperovitz
The Nation

As real income levels have stagnated and traditional politics remains deadlocked, communities are looking for new avenues to educate and employ themselves, from social enterprises and cooperatives to community development corporations and credit unions. Democracy Collaborative co-founder Gar Alperovitz reviews the impact of these community wealth building organizations in “How to Democratize the US Economy,” a new article published in the Nation. This article presents the challenges of supporting these organizations and structuring new local and national institutions that foster efficient, effective, stable, and equitable local economies.

How to Democractize the US Economy

Gar Alperovitz
The Nation

As real income levels have stagnated and traditional politics remains deadlocked, communities are looking for new avenues to educate and employ themselves, from social enterprises and cooperatives to community development corporations and credit unions. Democracy Collaborative co-founder Gar Alperovitz reviews the impact of these community wealth building organizations as well as the challenges of supporting these organizations and structuring new local and national institutions that foster efficient, effective, stable, and equitable local economies.

The Rise of Community Wealth Building Institutions

More people are turning to economic alternatives in which new wealth is built collectively and from the bottom up

Crossposted from Policy Network, and later published on the London School of Economics website, this blog is part of a debate event hosted by Policy Network in London, UK, that was reviewed in OurKingdom by grassroots activist James Doran:    

Five years after the financial crisis economic inequality in the United States is spiraling to levels not seen since the Gilded Age. While most Americans are experiencing a recovery-less recovery, the top one per cent of earners last year claimed 19.3 per cent of household income, their largest share since 1928. Moreover, income distribution looks positively egalitarian when compared to wealth ownership.

What Then Can I Do?: Ten ways to democratize the economy

Gar Alperovitz and Keane Bhatt

A new article by Democracy Collaborative co-founder Gar Alperovitz and community development associate Keane Bhatt provides ten concrete action steps that individuals and groups can take to foster democratic economies and build community wealth. Using on-the-ground examples, this article shows how to engage credit unions, build employee-ownership structures, work with hospitals and universities to forge community partnerships, invest money responsibly, support thoughtful economic development, and encourage a green economy. Integrating these action steps into daily life will help change the nature of wealth and asset ownership in a way that is more responsive to community need.

Public Money for the Public Good

How public finances can be unlocked for local economic development
Public banks and credit unions weathered the last crisis much better than private banks, benefiting the communities they served as well. And many experts believe that it’s only a matter of time before the next financial crisis hits. To weather the next one well, we need to ensure that our individual and collective resources strengthen the types of financial institutions that are democratically accountable, economically stable, mission oriented, and that are actively helping build and keep wealth locally in our communities.

Asset Sharing Through “Inclusive Capitalism” Gains National Attention

Can Ownership Sharing at the Workplace Really Address Growing Inequality?

Last month, PBS NewsHour’s Business Desk featured an essay by Chris Mackin with the consulting group Ownership Associates entitled “The Alternative American Dream: Inclusive Capitalism.” Mackin uses the term “inclusive capitalism” as an ownership sharing proposition – one that is about creating a new relationship between employees and their workplace based not on a “sense” of ownership but on actual, tangible ownership. 

The Possibility of a Pluralist Commonwealth and a Community Sustaining Economy

Gar Alperovitz and Steve Dubb
The Good Society

This essay by Democracy Collaborative co-founder Gar Alperovitz and Research Director Steve Dubb opens the academic symposium journal issue on “Alternatives to Capitalism” which provides a collection of essays that explore the broader implications of community wealth building for creating a new economy.

Done Right, Eliminating Food Deserts Result in Community Oases

Building community wealth every step of the way
Pogue’s Run Grocer Mural, an initiative of the Indy Food Co-op. © Indy Food Co-op
Building healthy, vibrant and sustainable communities requires more than “bottom up” solutions. The importance of community ownership to ensure that projects that start at the bottom result in lasting community wealth for the people involved is often missing from the discussion. The local foods movement provides examples that illustrate the importance of this ownership principle in practice.

Bernanke Praises Jane Jacobs and Bottom-Up Solutions

Fed Chairman calls for community engagement, collaboration and place-based investment

Last week, Federal Reserve Chairman Ben Bernanke addressed the Fed’s Community Affairs Research Conference in Washington, DC, opening his speech by acknowledging that successful strategies to rebuild communities require “multipronged approaches that address housing, education, jobs and quality-of-life issues in a coherent, mutually consistent way.”

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