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Outside the U.S.

Banking for the many

Laurie Macfarlane and Christine Berry
Open Democracy

In a report with the Communications Worker Union and the Democracy Collaborative, authors Laurie Macfarlane and Christine Berry outline a comprehensive overhaul of the UK banking system that would prioritize public interest as well as go beyond expectations to address climate issues. 

For most people it's easier to imagine the destruction of the world than the end of capitalism

Mette Rodgers
Information
Mette Rodgers writing for Information Magazine, in Denmark, about the exploration of alternatives to capitalism through the Democracy Collaborative's Next System Project. She interviews Ted Howard about the community wealth building project and the ideas being put forth by the Democracy Collaborative: 

"...If 'our side' actually won the power, then we would have no idea what to do with it. There is no articulated political program yet," he says."

Read the rest of the piece 

 

Community-Led Economic Regeneration – What Can We Learn From Cleveland, Ohio?

Krystian Seibert
Probono Australia

Krystian Seibert writes in Probono Australia in "Community-Led Economic Regeneration – What Can We Learn From Cleveland, Ohio?Probono Australia highlights the needs and lessons from the Evergreen Coops...

The surprising US presidential election result has been met with an avalanche of analysis over what led to Donald Trump’s shock victory. One reason, which has popped up over and over again, is that segments of the “working class” in states such as Ohio and Pennsylvania felt “left behind” by the economic system and that Trump’s victory was partly a backlash against economic inequality and dislocation in the US.

States such as Ohio and Pennsylvania were once centres of industry, but in many parts of these states, factories have shut down and thousands of jobs have gone with them, some overseas.

Globalisation has led to economic growth in the United States – but this growth and its associated employment has been uneven and often concentrated in places that can seize the opportunities of the “new economy”. We hear a lot about the rise of Silicon Valley, but while it has been booming, many parts of Ohio and Pennsylvania have been going bust.

Read more in Probono Australia 

Don't believe the Corbyn bashers - the economic case against public ownership is mostly fantasy

Joe Guinan and Thomas Hanna

Though cowards flinch and traitors sneer, Jeremy Corbyn is putting public ownership back on the political agenda. Joe Guinan and Thomas Hanna of the Democracy Collaborative come together to examine frequent claims that public ownership is inherently bureaucratic and inefficient.

Mondragón and the System Problem

Gar Alperovitz and Thomas Hanna
Truthout

Democracy Collaborative co-founder Gar Alperovitz and Senior Researcher Thomas Hanna discuss the challenge of sustaining and building participatory decision-making structures and organizations within a corporate capitalist system. They note the recent bankruptcy filing of Fagor Electrodomésticos Group, the principle company of the Mondragon Corporation, as an impetus to confront the institutional incompatibilities between the free market and cooperative forms.

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.

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