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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.

Author David Ansell Exposes Inequality's Deadly Influence

Martha Jablow
AAMCNews

Writing for AAMCNews Martha Jablow writes about the deadly affect of poverty and inequality and how the work of the Democracy Collaborative through the Healthcare Anchor Network could be vital in tackling health inequality: 

There is a new national collaborative, called the Healthcare Anchor Network, that is bringing new focus to the role of health systems in bringing economic vitality to these high-poverty neighborhoods.

Read more in AAMCNews

Bottom Up Economic Development

Phil Anderson
Reader

Phil Anderson writes for Reader in Deluth, MN about the alternatives to top-down strategies for revitalization. Reader highlights the work of The Democracy Collaborative work in different neighborhoods and communities which aims to build community wealth instead of policies that "favor big buisness:" 

Democracy Collaborative is another organization “building community wealth.” Their publication, Cities Building Community Wealth, lists 20 cities with successful local initiatives (including Madison and Minneapolis). These cover a wide range of activities to increase local ownership, create affordable housing, help small business, increase minority businesses, revitalize neighborhoods and expand renewable energy use. 

More in Reader 

Is 'Going Local' the Secret to Economic Development?

J.B. Morgan
Governing

J.B. Morgan writes for Governing about the work of the Democracy Collaborative in the field of community wealth building. J.B. Morgan writes about how local community wealth building could effectivily change local communities for the better: 

“We think this could take off in lots of different communities," says Ted Howard, president of the Democracy Collaborative, a national nonprofit focused on economic development in urban areas. “We’re going to be promoting it."

Don’t Be Scared About The End Of Capitalism—Be Excited To Build What Comes Next

Jason Hickel and Martin Kirk
Fast Company

Jason Hickel and Martin Kirk write for the publication Fast Company, in this article, they highlight the work of the Democracy Collaborative through the Next System Project. Speifically looking at the innovative ideas proposed at the Next System Project. 

Fortunately, there is already a wealth of language and ideas out there that stretch well beyond these dusty old binaries. They are driven by a hugely diverse community of thinkers, innovators, and practitioners. There are organizations like the P2P (Peer to Peer) FoundationEvonomicsThe Next System Project, and the Institute for New Economic Thinking reimagining the global economy. The proposed models are even more varied: from complexity, to post-growthde-growthland-basedregenerativecircular, and even the deliciously named donut economics.

Read more about it Fast Company

 

Policy Brief: Rebuilding America's Infrastructure

Ellen Brown
The Democracy Collaborative

In The Next System Project’s first policy brief, Democracy Collaborative Fellow Ellen Brown, founder and president emeritus of the Public Banking Institute, explores what’s wrong with President Trump’s approach to infrastructure. By focusing on private investment and public-private partnerships (PPPs) to come up with the capital to invest in repairing and upgrading our infrastructure, his plan will accelerate (partial) privatization of public assets and impose huge costs upon local residents, to be repaid through local taxes and extractive and regressive user fees like tolls.

Drawing on the historical precedents of both Lincoln’s investments in railroad infrastructure and FDR’s financing strategies for the New Deal, Brown shows how public strategies for investing in infrastructure make far more sense than what Trump is likely to put on the table. She estimates that an approach grounded in the use of public depository banks, either at the federal level or spread across a state-by-state network, could cut the $1.18 Trillion financing costs associated with a $1 Trillion investment in infrastructure in the Trump plan, once the returns demanded by private investors are factored in, to a mere $200 Billion. Not only would such public banks be able to lend money for infrastructure projects at a far lower rate, the interest earned on such loans would return to the public coffers.

Brown also identifies an even bolder approach that could bring the costs of investment in infrastructure down to zero. By embracing its power to create money for the public good using an innovative “qualitative easing” approach to inject new money into the real economy, the federal government could directly cover the costs of the pressing upgrades and repairs to our nation’s roads, bridges, dams, water supplies, electrical grid, and transit lines without the need to borrow any money at all.

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

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