Preston becomes a model for the country, McDonnell declares, after following the Cleveland Model in attempts to contain local spending within the community.
Outside the U.S.
Martin O'Neill and Joe Guinan interview Zitto Kabwe, a political opposition leader in Tanzania who has committed to bringing the corruption of the government to light despite the repression he faces. See Part II of the interview, as well.
The Labour Party, with Jeremy Corbyn as its leader, seeks to create a more economically equitable system through employee ownership.
Preston is experiencing serious economic benefits after pursuing community wealth building, specifically through the use of anchor institutions.
Preston used the Cleveland and Mondragon models, specifically with respect to their use of anchor institutions, to successfully advance worker-ownership and community wealth building in the city.
Cleveland and Preston continue to serve as models for other communities looking to localize economic spending.
With a new push for more radical ideas and economic restructuring, Preston, England council leader Matthew Brown has used the Cleveland and Mondragon models to inform his pursuit of local, equitable economics in Preston.
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.
"...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
Ted Howard, co-founder of the Democracy Collaborative in the USA, gives a speech at Labour's New Economics Conference in Newcastle...watch the video Read more about Ted Howard Speech at Labour New Economics Conference...
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.
City governments across Canada are joining the movement for a different kind of economic development– one that is inclusive of all people, regardless of race or class:
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.
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.
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.