Lately, I’ve found myself basking in the warm glow of the potential for Community Wealth Building – a new approach to Community Economic Development that uses a decentralized, post-corporate asset-based approach to engage communities in developing their own self sufficiency via participatory processes. This is almost exactly the movement I have been envisioning, except its already happening, and is well under way with well developed concepts, models, and etcetera! Now that I have discovered all of this, and have realized that its going on in my hometown of Cleveland Ohio, I have a better focus of where I want to become engaged in this and other movements… in connecting them to America’s folk and cultural narratives, to our history and to our values. These concepts can easily be applied to new trends in agriculture, in emerging decentralized deliberative planning processes, and can be enabled by novel technologies and concepts.
These are many concepts which are coming to a head – on one hand novel, ingenious, innovative, and in these times of increasing wealth disparity and resource uncertainty: essential, but also rooted, directly democratic and participatory, and which seek in some ways a return to more traditional economic systems while utilizing a new wave of appropriate, sustainable and commons based technologies, new concepts and approaches, and re-emerging ideas about the role of civil society and local governance in economic development and self sufficiency and community resilience.
I began this amazing journey after having a friend of mine – who has a masters in economics from the University of Missouri – began opening my mind with the amazing ideas of David Korten – the author of The Post Corporate World, The Great Turning, and what I recently just read Agenda for A New Economy – From Phantom Wealth to Real Wealth.(the website contains in-depth summaries of the different sections). I actually originally introduced my friend to YES! Magazine, of which Korten is a board member of, as well as a member of BALLE. Check out YES!’s latest issue for some eye-opening articles on the New Economy Agenda, much of which is successfully being put into practice right here in the US as we speak.
When I read this issue and learned that Community Wealth was extending co-operative, worker-owned businesses to my hometown – the Cleveland area - I immediately started jumping with joy in the middle of Powells Books in Portland. These were ideas I had developed on my own, and was scheming only several months ago of extending to Cleveland via Dennis Kucinich. I figured that co-operative, worker owned businesses, despite how appropriate they would be to Cleveland given the record of economic development and disenfranchisement over the past few decades, would be far too radical and would stir up too much trouble. Little did I know this ground was being broken and all of these things are being put into practice in the very places I imagined.
Worker-owned cooperatives represent $450 Million in Annual Economic Activity in the US. That is huge, not to mention $840 Million from retail food cooperatives, and far more combined in agricultural, utility, telecom, health care, housing, retail and child care cooperatives as well. Co-operatives are a rapidly growing economic model in the United States – accounting for millions of jobs and billions in economic productivity. They allow employees to develop real assetts – by providing a steady, living wage and extending services that enable safe mortgaging in housing, as well as providing for the greater good of the community through a balanced work complex, sustainable practices and resources, developing capacity for localisation and freeing up time for civic engagement, education, family time, community service and public participation.
What concepts, models, best practices, and other resources does Community Wealth offer?
(from the website):
Local Communities:
- Community Development Corporations (CDCs)
- Community Development Financial Institutions (CDFIs)
- Community Land Trusts (CLTs)
- Cooperatives (Co-ops)
- Cross-Sectoral
- Employee Stock Ownership Plans (ESOPs)
- Green Collar Jobs
- Individual Wealth Building
- Program Related Investments
- Reclaiming the Commons
- Social Enterprise
- Socially Responsible Investing
Government:
- Municipal Enterprise
- New State & Local Policies
- State Asset Building Initiatives
- State & Local Investments
- Transit-Oriented Development
Place-Based Institutions:
There are a few things I would add in there: Revolving Loans, Microenterprise Development, Community Currencies, Community Software, Local Supply Chain Development, Community Cultural Resurgence etc. For the most part, though, they have all the bases covered, and more.
As well, they are not throwing around just pie-in-the-sky ideas. These folks have all had a wealth of Community Economic Development experience, and have carefully developed these models based on their exemplary applications stretching back many years. They are developed with a keen understanding of the needs, assetts, capacities and possibilites of communities in mind – understanding the institutions, the people, the infrastructure, the economic conditions and civic capacities.
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So whats the use of all of this? Why do we need a new economy? I suggest, again, reading some of the articles in YES! magazine: ‘Why This Crisis May Be Our Best Chance; Let Wall Street go and rebuild a Main Street economy’ . Korten really spells it out, as do other authors in the issue, including the likes of Wendell Berry and Vandana Shiva. Our current economic model has consistently failed us – boom and bust cycles are not inevitable, they are signs of a failed system, moreover, a system that has failed the vast amount of people. What do you do with a failed system? I know someone who could offer some good advice:
“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”
— Richard Buckminster Fuller
- Mahatma Ghandi – Three Pillars of Swadeshi, Swaraj,
- Myles Horton and the Traditional American Faith Based Social Justice Tradition
- Transition Towns
- Michael Albert – Participatory Economics
- Commons Based Economics – Jonathan Rowe
- Wealth Of Networks
- The Environmental Justice Movement
- Sustainable Agriculture Movement – Mad Farmers
- Economic Justice Movement
- Community Currency Movement
- Bright Green/Dark Green/Light Green Movements
- Community Food Systems, Community Supply Chains, Food Sovereignty
- Community Supported Enterprise







The most important thing to realise about pluralistic, co-locative systems is that they are here, concurrent with our daily lives, but are slowly disappearing as the powers-that-be have seen it fit to further hegemonize our available set of options. For example, people very often sell things to eachother without vendors licenses or business licenses, such as on craigslist or among friends. These represent valid transactions of property, but are, in no means, a direct product of our capitalist systems. No retailer is involved in my buying a file cabinet from my friend mike, unless you consider the original retailer he purchased it from. This would be an act that is against the goals and principles of our current capitalist system, as it contradicts the values of wastefulness and perceived obsolesence that are such driving market factors. Freecycle is an even greater example of a system that exists side by side with retail enterprise, or putting things out on curbs or having garage sales. These are all valid ways of transferring and distributing property, and with a LETS system or community currency, along with more localized, collective produsage, they would become more robust and strong alternatives to the current overriding economic sphere.
An initiative to propogate wild food plants all across the country. In order to improve sustainability and the perceived value of wild land for its stakeholders, it would be an idea to send out teams of volunteers along with natural resource specialists to help propogate wild, native plants in:



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