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Noam Chomsky: 'If you don't push the lever for the Democrats, you are assisting Trump'

One of [the Next System Project’s] proposals that makes great sense is to expand the postal service into general services for people, like banking. It is a perfect way to do banking — not commercial banking, JPMorgan Chase giving someone $2 billion — but the kind of banking we all do. It would be

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Biden’s First 100 Days: What Would They Look Like for Clean Energy?

Biden’s list of policies is gargantuan compared to the time he’ll have for actual policymaking on day one. But environmental advocates and clean-energy boosters don’t expect a Biden administration to shunt energy and climate issues to the sidelines, even in a pandemic. “I don’t think climate can be

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Postal service crisis — California is ready to pilot a postal banking solution

The U.S. Postal Service (USPS) is under attack and at grave risk. But with that many Americans are awakening to both the value of the USPS and the manifest dangers of privatization. The crisis has also sparked renewed interest in postal banking, a win-win approach that could both make the USPS more

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D.C. could be the next municipality to offer reparations to African Americans

DC is taking its rightful place in the rising tide of cities who are designing and deploying comprehensive strategies to achieve reparative justice for all Black people in America. Our capacity for paying reparations and living by the ethics of reparative justice will not only provide redress for

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Democratic by Design: A New Community Wealth Building Vision for the British Economy After COVID-19

Developing the ecosystem to reconstruct communities and grow local economic democracy in the United Kingdom.
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Study reveals how 'stakeholder capitalism' fails to live up to promises as corporations continue putting profits over people

Proponents of a genuinely just and sustainable society like Marjorie Kelly, executive vice president of The Democracy Collaborative, have criticized the BRT statement while arguing that what’s known as the triple-bottom-line approach to business—people, planet, and prosperity—is a step in the right

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What Historically Low Mortgage Rates May Spell for Homebuyers in 2020 and Beyond

“Obviously, there is somewhat of a tension between one group seeking for housing to be affordable, which means low prices, and another group seeking continuing investment return, which requires not just high prices but continually increasing prices,” says Peter Gowan, policy associate at the policy

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Millions of People Demand Congressional Action on COVID-19 Relief

“It is unconscionable that Congress has failed to provide relief to the people of the United States for months, while continuing to roll out corporate bailouts programs. Our essential workers deserve access to PPE, we need our Postal Service now more than ever to help us deliver a fair election, and

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Turning the small business crisis into an opportunity for equitable employee ownership

Rather than standing by as a wave of corporate buyouts and consolidations undermine local economies and further exacerbate wealth inequality, social impact investors could become the agents of a sweeping economic transformation anchored in broad-based employee ownership. They could turn the current

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What We Must Do: On Ensuring Black Freedom

Re-constructing American society with the focus of ensuring that All Black communities are thriving — that centers the perspectives, experience and leadership of Black people — will require a reimagining of the political economy of the country as well. For instance, can capitalism- an economic

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New data underscores urgent need for federal moratorium on utility shut-offs

According to Food & Water Action’s live tracker, 10 statewide moratoriums on water shutoffs and dozens of local moratoriums have already expired, leaving millions of people vulnerable to losing basic water services. “It is morally unacceptable to cut off people’s essential services like water

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Only bold state intervention will save us from a future owned by corporate giants

Part of ensuring the recovery from the COVID-19 economic slowdown works for everyone, not just the richest, could take the form of a state holding company with a mandate to support struggling businesses directly and to prevent the emergence of an “Amazon recovery.”

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100 Years Ago, Farmers and Socialists Established the Country’s First Modern Public Bank

For In These Times, Adam Simpson and Thomas Hanna write about how North Dakota’s radical history carries valuable lessons for today’s public banking movement. One hundred years ago July 28, a bank in Bismarck, N.D., opened its doors for the very first time. This would have been an unremarkable event

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Banking on the People: Democratizing Money in the Digital Age

This book takes the reader step by step through modern money creation, explores improvements made possible by advances in digital technology, and proposes upgrades that could transform our outmoded 19th century system into one that is democratic, sustainable, and serves the needs of the 21st century.

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Revolution at the Federal Reserve: Nomi Prins and Thomas Hanna

Laura Flanders speaks to former Goldman Sachs managing director Nomi Prins, author of “Collusion: How Central Bankers Rigged the World,” and the Democracy Collaborative’s Thomas Hanna believe that banking, and development, could be very different.
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October 31, 2018
A Next System of Community Investment

A Next System of Community Investment: Community Reinvestment Act Reform in the 21st Century

The Community Reinvestment Act was passed by Congress in 1977 to spur lending and investing in communities of color and lower-income neighborhoods. The CRA requires that deposit-taking banks reinvest capital back into the communities from where they draw those deposits. This requirement is based on

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August 30, 2018
Quantitative Easing for the Planet

Quantitative Easing for the Planet

Across the political spectrum, conventional wisdom holds that technology and finance remain the greatest obstacles to moving society beyond fossil fuel dependency. Yet, neither is the real reason why progress on climate action has stalled for decades.

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July 2, 2018
The Crisis Next Time

The Crisis Next Time: Planning for Public Ownership as an Alternative to Corporate Bank Bailouts

Executive summary The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued consolidation of the banking sector in an increasingly financialized economy suggest that we

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Policy Brief: Rebuilding America's Infrastructure

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. Brown also identifies an even bolder approach that could bring the costs of investment in infrastructure down to zero.

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October 26, 2016
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Wiping the Slate Clean: Quantitative Easing, “Cancelling” Student Debt, and the Latent Power of the Fed

The monetary policy known as “quantitative easing” has been grabbing headlines recently. For months it has been at the center of Green Party presidential candidate Jill Stein’s platform, where it’s cited as a way to “cancel student debt” and “bail out” a debt-shackled generation of former students

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Business Ownership For The 99%: How To Finance It

One goal for a lot of social entrepreneurs is for business ownership to be held by as many people as possible. But that’s tricky for many reasons. Take the matter of financing. Funding inclusive models, as they’re called, is different from financing the usual suspects, that is, companies owned by

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A Powerful, Under-Used Tool for Addressing the Roots of Inequality: Inclusive Ownership

In this blog for the Stanford Social Innovation Review, our Executive Vice President and Senior Fellow Marjorie Kelly delves into some of the groundbreaking models for inclusive ownership that are increasingly making an impact on the lives of workers and community members. Kelly offers these

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Strategies for financing the inclusive economy

This report from The Democracy Collaborative explores ways in which impact investors can help build an inclusive economy by accelerating the growth of broad-based ownership models — worker cooperatives, social enterprises, employee stock ownership plans (ESOPs), hybrid enterprises, and municipal enterprise.

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May 28, 2015
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Infographic: The Impact of Community Development Corporations

These are some of the key facts and figures on how community development corporations build community wealth. Click here for more information, history, and featured resources on community development corporations.

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Forget Venture Capitalists—This Scrappy Composting Co-Op Found Another Way to Get Startup Money

At age 60, when many of her friends are considering retirement, Josefina Luna is chair of the board of CERO Cooperative Inc. CERO is a five-member worker-owned cooperative on a mission to encourage composting and create jobs in the hard-up Boston neighborhoods of Roxbury, Dorchester, and East Boston

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A Wave Is Rising

Community foundations are seeing growing activity in building community wealth. “You can feel the toe of the tsunami,” said one person in the circle. “There’s a great wave rising, and you can feel the power of it, even though it’s just beginning.” The time was mid-December 2014, and I was seated

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A New Anchor Mission for a New Century: Community foundations deploying all resources to build community wealth

This report offers an overview of how 30 representative community foundations, large and small, urban and rural, are working toward adopting this new anchor mission.

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Good Deeds Go Unpunished – Maine Group Hailed, In Fact

ELLSWORTH, Maine – The Maine Community Foundation is one of the nation’s best at finding ways to build community wealth using new approaches, according to a report released today. The report by the Maryland-based Democracy Collaborative names the Ellsworth-based foundation one of the Innovative 30

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November 12, 2014
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Infographic: Impact of CDFIs

Our infographic on the impacts and benefits of community development financial institutions.

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Enterprise Financing for WealthWorks Value Chains

This new report, authored by Democracy Collaborative Senior Fellow Marjorie Kelly, offers a comprehensive framework of community investing, ownership, and wealth control models to enhance the social, ecological, and economic well-being of rural areas. Clearly articulating the challenges involved

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October 3, 2013
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Public Money for the Public Good

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.

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