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Snapshots from the New Economy

The top 400 wealthiest people in America own more riches than the bottom 180 million. The system is broken. But we don’t need to look far to find a better one.

Do you shop at a food co-op? Then you’re supporting a democratically-owned corporation that works to serve its members instead of distant shareholders focused merely on quarterly profits.

Do you bank at a credit union instead of a multinational corporate behemoth like Bank of America or Wells Fargo? Then you’re contributing your savings toward loans that go to help businesses, home owners, and people like you right in your community.

When you turn on the lights, does your power come from a municipally owned utility? If you live in Jacksonville, Florida, or Seattle, Washington it does. Now, what if you and your neighbors got together to demand your utility generate renewable energy? They’d have to listen, because you are their primary stakeholders.

Do you buy King Arthur Flour, rent cars from Avis, or buy books from Chelsea Green? If you do, you’re supporting companies that are owned by their employees, which means that the profits go to the workers — in other words to the people who make them possible.

Do you own a house through a community land trust — which made that house affordable, and will make sure it stays affordable when you decide to sell it. Or do you participate in a CSA or herd share that allows you to support a local farmer while making sure you get the fresh food you want? Or maybe when a restaurant or bookstore in your town threatened to go out of business you pitched in with some cash in return for discounts on your future purchases (the Slow Money model).

In Ohio, a state ravaged by the exodus of manufacturing, yet another example of a new-economy business model is starting up. The largest worker-owned greenhouse in the state is being financed by Evergreen Cooperatives, a unique partnership between public institutions, city government, and private nonprofits. The greenhouse will sell fresh produce to the hospitals and universities in the area, cutting the carbon footprint of those goods, and bringing good, green jobs to a neighborhood that needs them.

Gar Alperovitz is the founder of the Democracy Collaborative, a key partner in the project, and Gar has long been one of the leading champions of the worker-owned shift the economy so desperately needs. Next month his book What Then Must We Do? will explain how we must democratize wealth and build a community-sustaining economy from the ground up. Sustainable businesses are already changing lives and making money flow where it’s needed most. All we need is more of them.

These businesses define success as something deeper than profit. In doing so they’re living examples of what the new economy looks like. It’s not so complicated, it’s just what happens when business comes back down to earth.

(Illustration by Adrian J. Wallace)


Chelsea Green Weekly for May 5, 2017

Ever wonder what your favorite Chelsea Green authors do between writing groundbreaking–both literally and figuratively–books? Here are the best links and resources for your weekend reading pleasure. Let’s start with The Alzheimer’s Antidote. The Alzheimer’s Antidote Amy Berger has been making the rounds on the health, wellness, and fitness circuit, explaining the theories behind her revolutionary […] Read More

Q&A with Kate Raworth about her radical new book, DOUGHNUT ECONOMICS

Q: First things first: Why did you want to write this book? A: I studied economics at university 25 years ago because I wanted to make a difference in the world and believed that economics – the mother tongue of public policy – would best equip me to do that. Instead, its theories left me […] Read More

Chelsea Green: In the Media 2016

Oh, 2016. Where did the time go? Each year, Chelsea Green receives hundreds of mentions (well over 1000 in 2016) in the media both big and small. From interviews, to excerpts, to opinion pieces by authors we’re always working to make sure that the mission and message of each book is spread far and wide. […] Read More

Slack and Taut: Defining a System’s Resilience

A resilient future (or a resilient present, for that matter) needs to be slack, not taut. What do we mean? Core to the concept of a Lean Economy is understanding the need to move toward a “slack” market rather than one that is “taut.” When British economist David Fleming died unexpectedly in 2010, he left […] Read More

Prehistory of the Next American Revolution

What now? A new Revolution? If we are to counter the dangers both of corporate domination and of traditional forms of socialist statism, decentralization is essential—both of economic institutions and of political structure. We are at a point in our nation’s history that could, decades from now, be taught as the prehistory of the next […] Read More
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