Skip to main content
Marketplace-American-Public-Media-APM-Logo-Design-Identity-Little.jpg

Can co-ops remake America's economy from the ground up?

Federal Reserve policymakers have generally relied on tweaking interest rates as a strategy for jump staring the economy. But in a country where wages adjusted for inflation have been stuck in place for almost a decade, some scholars think the economy needs a more aggressive overhaul.

Gar Alperovitz is a political economist and historian. His new book, called “What Then Must We Do: Straight Talk About the Next American Revolution”, details systemic changes for the economy. He says co-ops are key to the nation’s recovery.

“Most people don’t realize that changing the ownership of wealth means one person, one vote — that’s what a co-op is. 130 million Americans are already members of co-ops. They are all over the country and people just don’t notice them,” he says. “It’s a different, very American, down-home way to begin looking at democratizing ownership, starting at the bottom and working up from the grassroots.”

Publication date: 2013-06-17
Parent publication: Marketplace
Publication URL: http://www.marketplace.org/topics/economy/can-co-ops-remake-americas-economy-ground

More related work

March 19, 2020
Default Image

Protect the vulnerable, advance the democratic economy: Our statement on the COVID-19 crisis

We are in a period of breakdown, in which all that is wrong with the current system is now being laid bare. Rather than rebuild what we now clearly see should never have been, we must lead the construction out of this crisis of something new.

read more
March 18, 2020
Default Image

HAN Public Comments on Fair Housing Act Proposed Changes

The Healthcare Anchor Network submitted public comments to the Department of Housing and Urban Development (HUD), expressing our opposition to HUD’s proposed changes to the 2015 Affirmatively Furthering Fair Housing rule.

read more
March 17, 2020
An array of prescription medications on shelves

Online press briefing: Vaccines—The COVID-19 Case for Public Pharmaceutical Research and Development

Leading experts believe that it is the government’s responsibility to ensure widespread access to safe and effective vaccines that are developed with taxpayer money. In this virtual press briefing, hear why the U.S. government should develop and manufacture vaccines and other essential medicines so that we get the medicines we need, when we need them and at prices we can afford.

read more