An Institutional Approach To Change
While we are open to large-order shifts in the system stemming from moments of crisis opportunity, our theory of change does not depend upon revolutionary upheavals or rupture. But nor do we contend that steady incremental reforms within the system can bring about change on the scale that is necessary.
Instead we seek the steady build-up of political-economic alternatives, which themselves suggest wider strategic changes in the way in which the economy operates which can then tip-over into systemic transformation. We call this “evolutionary reconstruction” – a longer term theory of transformative change which seeks to displace rather than simply regulate or offset or counter-balance the power of corporate and other institutions that are producing undesirable social, economic, and environmental outcomes.
Our vision is of a future economy, in the United States and around the world, in which all people and communities can flourish and exert greater democratic control over their own lives and destinies.
In all of our work, we seek to articulate a compelling, historically-grounded and -referenced vision of a democratic economy and powerful demonstration projects that convey the viability and practicability of that model and the pathways for getting there.
As we enter a new phase in the life of our organization, our task at this moment in our history is to build on our work and legacy to date, cascade learning, partner with more organizations, and make decisive advances over the coming period in our major program work.
At TDC, we pursue two main programs of work to advance this democratic economy: Community Wealth Building and the Next System Project.
Community Wealth Building
Community Wealth Building (CWB) is an economic development model that transforms local economies based on communities having direct ownership and control of their assets. It challenges the failing approaches that have been widely accepted in economic development for too long, and addresses wealth inequality at its core.
Here at TDC, we believe that CWB can democratize our economy from the ground up to build the equitable and sustainable political-economic system we all need.
The Next System Project
The Next System Project is aimed at bold thinking and action to address the systemic challenges we are facing now and in coming decades. Deep crises of economic inequality, racial injustice, failing democracy, and climate change are already upon us, and systemic problems require systemic solutions.
Together we must build a democratic economy – a next system in which democratic principles of popular sovereignty are extended from the political realm to the economy itself such that wealth is held in common, making for a just, accountable, and community-sustaining system that operates within planetary boundaries.