Working with my colleague Stephanie McHenry, our new Chief Executive Officer, we will bring new energy and focus to TDC’s mission of political-economic institutional change. We want to see a new era of Community Wealth Building and democratic economy policy and strategy, to show that there are real alternatives, powerful answers that already work on the ground and can now be im

Northern Ireland’s Minister for Communities, Dierdre Hargey, formally accepted a report from her independent Minister’s Advisory Panel on Community Wealth Building. Joe Guinan, one of the panel members, was there to deliver remarks on this momentous occasion.

In recent years, it has become increasingly common to acknowledge the original indigenous inhabitants of land on which current activities take place. However, these rhetorical land acknowledgments are meaningless without concrete steps to address and rectify the theft and expropriation of land that took place. So, what could a reparative program look like? Read on to find out.

The CHIPS and Science Act that President Biden signed into law this month included community wealth building provisions that The Democracy Collaborative helped develop with Congressman Jamaal Bowman (NY-16). 

Award-winning journalist Laura Flanders has just released a half hour documentary called “Community Wealth Building: An Economic Reset.” The film traces the evolution of Community Wealth Building from its origins in Cleveland Ohio with the Evergreen Cooperatives to the “Preston Model” in England, and on to North Ayrshire in Scotland where the city council has initiated a comprehensive CWB strategy.

A landmark moment in the CWB movement took place on May 25 when Tom Arthur, the Scottish Minister For Public Finance, Planning and Community Wealth, led a Scottish Parliament debate on CWB. (Watch it here, starting at 14.54). The government now plans to submit national CWB legislation for consideration later in 2023.

Community wealth building (CWB) has a rich history, inspired by global movements to address economic inequalities – from the modern cooperative endeavors of Ujamaa in Tanzania and the Mondragon Cooperatives in the Basque Coast of Spain, through European welfarism and socialism to the laboratories of democracy in the US that bubbled up during the New Deal to become our social security system. 

The challenges our cities and communities face in this moment are many: a fair and equitable recovery from the COVID-19 pandemic. Staving off climate catastrophe. A long-overdue reckoning with systemic racism and injustice. War and global instability. Each threatens the lives and livelihoods of all people, and especially the poor and working-class people in front line communities.

Community Wealth Building is happening in many areas across the US and globally. As mentioned above, CWB is helping cities and localities bring all of these elements together for the first time in a strategic, holistic way.  Many are already deploying elements of CWB across the different pillars in bespoke ways.  The key, however, is bringing all the elements together as the Wedge.

The crises we face are driven by the extractive nature of our existing system – concentrated ownership, community disinvestment, attacks on labor, environmental degradation, and structural social and racial injustice.

TDC has been pioneering community wealth building since 2005.  Over the course of these last two decades, we have steadily grown community wealth building (CWB) as a concept and practice, working with valued funders and partners across the US and beyond.  

A banking crisis and economic downturn more than a century ago brought postal banking to America’s shores. During the current crisis, millions of people have to wait months for government stimulus checks, and commercial banks have either balked at or buckled under the task of getting billions of dollars in aid to endangered small businesses.

Momentum is growing around state-based efforts to disrupt the US pharmaceutical market and assure both affordable and equitable access to essential medicines through public production.

As part of our global work on community wealth building (CWB) and movement building, our President, Ted Howard, will be on a fact finding and advisory trip to Scotland, UK. Scotland is at the UK and European forefront on community wealth building, with CWB a key part of the Scottish Government’s economic transformation programme.

Since the outbreak of the novel coronavirus in the United States, calls for nationalization of various industries—from the airlines and Big Pharma to the energy grid, hospitals, and entire supply chains—have erupted from even the unlikeliest proponents.

For decades, we have been sold a myth of private health. It is a myth that our health is largely a product of individual choices and personal responsibilities. It is a myth that our healthcare is a service that private corporations can provide, and for which we must pay to survive.

Exciting developments are happening globally in Community Wealth Building. From its origins in Cleveland, and then Preston, UK, the Community Wealth Building(CWB) movement continues to grow in USA and globally.

The collapse of Silicon Valley Bank and response from state and federal regulators serves as an urgent reminder that the U.S. banking system remains overly-financialized and fragile and poses a continuing systemic risk to the American and global economies.