Would you gamble away your rent money? How about your kids’ college fund, or the money you put aside for food and clothing? If that seems like a terrible idea, then why do cities, counties, and states gamble away our money by giving it to big Wall Street bankers, who throw it into risky derivatives and interest rate swaps? There’s a better way--and it’s one of our nation’s best-kept secrets. (This article originally appeared as part of New Economy Week 2015)
Large utility companies control about 75 percent of the electricity market in California. A hybrid between a public agency and private utility, the new Community Choice program is a model for communities that want greener, cheaper energy. (From New Economy Week 2015)
In response to the sustained and increasingly visible violence against Black communities in the U.S. and globally, a collective of more than 50 organizations representing thousands of Black people from across the country have come together with renewed energy and purpose to articulate a common vision and agenda.
What if we gave everyone a universal basic income, and studied the adverse impacts of development before razing neighborhoods? The policy agenda of a national network you didn’t know existed. (From New Economy Week 2015)
The United States’ partial and uneven recovery from the 2008 financial crisis calls for a new economic platform that would unite the employed and the unemployed, strengthen worker power, and point the way to a more democratic economy for the country as a whole. Two such policy proposals have recently been gaining traction on the left: a universal basic income, on the one hand, and a job guarantee on the other. As part of New Economy Week 2015, Dissent, Jacobin Magazine, and the New Economy Coalition brought together activists, journalists, and scholars to discuss these two proposals.
Fostering resilient communities and building wealth in today’s local economies is necessary to achieve individual, regional, and national economic security. A community wealth building strategy employs a range of forms of community ownership and asset building strategies to build wealth in low-income communities. In so doing, community wealth building bolsters the ability of communities and individuals to increase asset ownership, anchor jobs locally, expand the provision of public services, and ensure local economic stability.
In this Next System Project second official report, project co-chair, and NEC co-founder, James Gustave Speth details the steps that must be taken to change the status quo of the political-economic system.
In an era of persistent urban inequality and chronic unemployment disproportionately impacting historically marginalized communities and communities of color, new alternatives to the traditional economic development strategies that have failed to bring broad and evenly distributed prosperity to America's cities are clearly needed. The Democracy Collaborative's new report, Cities Building Community Wealth, responds to this challenge by highlighting best practices in inclusive innovation from twenty cities across the country, and offering a unified vision of the underlying new paradigm of community focused economic development.
How can ordinary community members begin catalyzing a local conversation around building a stronger, more equitable local economy? How can you leverage volunteer power, public resources, and in-kind sponsorships to convene a community wealth building summit? In this new whitepaper from the Democracy Collaborative's Community Wealth Innovators Series, Justine Porter maps out how she and her grassroots team pulled this kind of powerful event together in Poughkeepsie, New York—and highlights the lessons learned so that you can benefit from their experience in planning your own community wealth building summit in your community.
Cuba has been transforming its economic model since 2011, and re-established relations with the U.S. in 2014. By engaging in an active question and answer format this CommonBound 2014 workshop explores what these profound changes mean for a socialist economy and the challenges of protecting the social gains of the Cuban revolution while creating a more robust, efficient economy.