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Why Building Community Wealth is a Key Challenge to Corporate Power

Why Building Community Wealth is a Key Challenge to Corporate Power

Partly self-help, partly local mobilization, and partly sketches for future system-wide expansion, community wealth-building ventures are sweeping the nation.May 16, 2012

A New Economics Paradigm: An interview With Gar Alperovitz

 TRANSCRIPT:

What’s interesting—and, again, the press doesn’t cover this—is just below the surface of what the press normally sees. There are thousands and thousands of institutions that democratize the ownership of wealth. Political and economic systems are defined in terms of their power. But who owns the capital?

The New Economy Movement

The idea that we need a “new economy”—that the entire economic system must be radically restructured if critical social and environmental goals are to be met—runs directly counter to the American creed that capitalism as we know it is the best, and only possible, option.

The Cleveland Model

Something important is happening in Cleveland: a new model of large-scale worker- and community-benefiting enterprises is beginning to build serious momentum in one of the cities most dramatically impacted by the nation's decaying economy. The Evergreen Cooperative Laundry (ECL)--a worker-owned, industrial-size, thoroughly "green" operation--opened its doors late last fall in Glenville, a neighborhood with a median income hovering around $18,000.

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