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Why Building Community Wealth Is a Key Challenge to Corporate Power

by:QY Precision      2019-09-21
With the shake of our political system, a wave of innovative thinking and bold attempts is quietly sweeping the outdated economic model.
In the \"new economic vision\", a special five
Parternetseries, co-edited by economics editor Lynn palamore and political economist Gaal Alperowitz of the Democratic cooperation organization, creative thinkers gather to explore those exciting ideas and projects, these ideas and projects are shaping the philosophy and political vision of the movement that could make our recovery.
With the increasing resistance to the widening divide between the \"1%\" and other populations in the United States, new situations have emerged in American communities;
\"Community Wealth construction\" is a clear strategy to fundamentally democratize the ownership of wealth.
Through traditional regulation and taxationand-
The idea that we should create new Democratic economic institutions to build wealth, a community, is quietly gaining traction.
We have more long-term potential now.
The conversion of terms across the country.
The central idea of people\'s power is simple: people are united through some form of public, community, or employee --
Businesses owned to meet local needs have regained local economic democracy and control. Partly self-
Help, some community mobilization, some future system sketches
Extensive expansion of community wealth
Construction work can be found in almost every region of the country.
The scope of efforts is enormous.
Community Wealth
Construction institutions include community development companies, community development financial institutions, social enterprises, community land trusts, employees
State-owned enterprises and cooperatives.
All capital is gathered in ways that create new jobs and stabilize employment in the community.
These efforts also set a new way to challenge the strength of the enterprise.
A strategy to change who owns, controls and benefits from the potential economic wealth of the system.
It includes not only replacing private capital, but also replacing private capital by developing community business ownership.
In other words, profits should flow to workers, consumers, or communities --
Not external investors.
These businesses need success!
Ecological problems are becoming the core of many models.
Examples of new methods are obvious around the world, including workers.
Cooperatives in Argentina;
Country Bank of Bangladesh (
2006 Nobel Peace Prize with founder Mohammed Yunus);
The Mondragon network in northern Spain employs nearly 85,000 employees. Non-
Profit Society enterprises are a community wealth building strategy through which non-profit organizations independently obtain resources to perform their tasks without sufficient government support.
In San Francisco, a name called REDF (
Former Roberts Enterprise Development Fund)
It has helped 50 social enterprises to increase their business activities, employing 6,500 people and earning more than $0. 115 billion. Three-fourths (77 percent)
Social enterprise employees interviewed two years later are still working.
The average wage of employees has nearly doubled. third (31 percent)
The monthly income almost doubled (90 percent).
One of the businesses in the REDF portfolio is Buckelew Programs, a mental health agency with 220 employees, providing continuous services to about 7,000 customers each year, it also operates three social enterprises, including green cafes and green cleaning services, as well as staff services.
This year, it plans to open its fourth social enterprise, a new one.
Production and processing business.
Community action on gray Shores, Washington-
A non-profit organization that operates a range of housing, food, health care and employment programs --
A 6 mw wind farm consisting of four wind turbines has been built.
Wind farms that sell energy to the grid generate enough electricity to meet the energy needs of more than 1,500 households.
The nonprofit estimates it has $14 in ownership
The million wind turbine project generates an unlimited income of $720,000 per year, enabling it to increase service delivery options, reduce local dependence on external funding, and complement ongoing projects in the community, meet more needs of the community.
In Seattle, Pioneer Human Services, founded in 1963and alcohol-
Free housing, employment, job training, counselling and education for rehabilitation alcohol drinkers and drug addicts.
It employs a total of 1,000 people and funds 99% of its $70 million budget through service costs and revenue generated from product manufacturing, distribution and sales.
The business includes retail cafes, sheet metal manufacturing, aerospace precision machining (
Is a contractor for Boeing)
Wholesale food, contract packaging.
These enterprises not only create social wealth, but also provide independent resources for social services, which themselves are crucial to the Vanguard\'s mission to help \"people on the edge of society\" stay away from prisons and streets, enables pioneer to employ more than 700 men and women from former employees
Homeless and drug criminals
It serves the restored population.
Community Development Corporation (CDCs)
The melting pot of urban unrest and rural neglect, which was originally formed in the 1960 s, is now manifested as important community wealth --
Build and plan roles in cities and counties across the United States.
CDCs are available in almost every major city.
A study from Massachusetts found that between 2003 and 2011
While supporting more than 9,000 businesses and 14,000 families, CDCs has created or retained more than 8,000 families and 160,000 jobs, creating nearly $2 billion in economic activity.
A 2005 survey found that 4,600 CDCs create 75,000 jobs each year across the country.
Financial institutions for Community Development (CDFIs)
In the 1990 s, first recognized by the federal government, the clear goal was
By providing financing, income communities where traditional lenders are afraid to get involved.
Even in the face of the contraction of traditional finance, the assets of community investment institutions have increased by more than 60%. -from $25.
In 2007 it was $0 to $41. 7 billion--in 2010.
In 2008 alone, credit unions funded and assisted the development of enterprises and micro-enterprises, creating or maintaining 356. 24 million jobs and contributing to the construction or renovation of 60,205 affordable housing units, and provide the first mortgage of 16,405.
Time and other buyers.
The community land trust fund is another powerful example of community wealth construction.
Starting from the 1960 and 1970 generations, pioneers like Bob Swan in western Massachusetts and Charles Schroeder in Georgia have encountered great difficulties in developing a modest land trust effort, such as respect for land use practices that are not harmful to the environment and development of rural communities.
There are hundreds today.
In Irvine, California, the city\'s strategic plan calls for 5,000 housing units to be developed using the land trust strategy.
Such trust companies retain ownership of the land of the house in the non-
Profit or public ownership.
The value added to the land is divided by the formula between the owner and the trust, thus avoiding the middle class.
A community land trust study in Burlington, Vermont
The largest in the country-
It was also found in its first 20 years, 61.
After an average of six years of residence, 9% of residents sold their land trust houses, and they were able to \"strengthen\" ownership of traditional houses.
At the same time, the equity gains retained by the trust fund enable it to continue to provide affordable housing for future generations.
Community Land Trust is more important in a downturn.
Simply put, the community land trust keeps people at home.
A 2011 study found that land trust homeowners were 10 times more likely to be foreclosed than traditional homeowners.
Employee ownership is another powerful community asset
Construction strategy.
National staff ownership Center (NCEO)
It is estimated that in 2009, 9,800 companies were owned by workers in whole or in part through pension contributions in the form of ownership known as an employee stock ownership plan or an employee stock ownership plan.
As at 2009, there were 10.
3 million employees
ESOPs owns the owner of the company in whole or in part, with net assets of $869 billion.
In other words, the average employee stock ownership plan
The owner owns a stake in more than $84,000.
NCEO estimates that the number of ESOPs has climbed more than 10% to 10,900 since 2009.
Employee stock ownership also has a strong economic stability effect: between 2000 and 2008, the number of manufacturing jobs in Ohio dropped by 29%, and employees
Jobs in manufacturing remained stable, down only 1%.
Nationwide, 2010.
1% of workers
Almost one of eight people. Face a lie
Leave for the first 12 months;
In contrast, only 2.
6% of people chose employees.
The owner was fired.
Sharing wealth may be the most obvious form of community wealth construction.
More than 0. 13 billion Americans are currently members of a joint organization.
Credit Union.
Because many Americans own more than one company.
Total number of Op or credit cooperatives
More than 0. 35 billion U. S. op members.
Overall, a 2009 study by the University of Wisconsin found that there are nearly 30,000 cooperatives in the United States. S.
Assets over $3 trillion, annual income of $514 billion, provide 856,000 jobs.
The core cooperation principles of credit cooperatives are:member, one-vote.
It is important that they issue loans directly to members
Owners of credit cooperatives can believe that their deposits will effectively re-employment through loans, help local consumers buy loans, create jobs and create wealth at home.
The wealth of another powerful community
National construction mechanismowned bank.
In North Dakota
State-owned banks have been operating since 1918 and over the past decade national revenues have exceeded $0. 3 billion while helping support local banks and local community investments.
In the past year, legislation has been introduced in more than a dozen states to explore or create such banks, it includes Arizona, California, Hawaii, Illinois, Luis Anna, Maine, Maryland, Massachusetts, New Mexico, New York, Oregon, Virginia, and Washington.
Over time, experience in various forms of democratizing has grown, and innovative strategies for businesses and/or cooperation with local governments have also begun to emerge.
A comprehensive community in California.
In the diversified work, the independent development project consciously links the construction of individual and collective wealth.
Diamond block southeast of San Diego.
With the support of the Jacobs family foundation, the community raised charitable and government funds to develop a commercial and cultural complex supported by shopping malls.
A key factor is the public offering of the community, which provides exclusive opportunities for community residents and employees to buy shares (
Valued at $200 and capped at $10,000)
The project has a total stake of 20%.
As one community owner pointed out, \"we have stocks and we have the opportunity to change the type of business [community]Incredible].
Some of us say
The same is true of the community environment.
\"The neighborhood Solidarity Foundation also has 20% ownership, providing a sustainable source of funding for community wealth building work.
The Jacobs family foundation, which retains 60% ownership, intends to hand over its share to community owners by 2018.
In the end, the District residents will have 50% of the project and the Community Foundation will have the other 50%, keeping the profits that come to the community rather than to the outside investors.
In Cleveland, Ohio, a group of workers
State-owned companies, partly supported by the direct purchasing power of large hospitals and universities, have opened up a major new carrier of urban strategy.
The first planned network of cooperatives in Cleveland opened in September 2009. The co-
Laundry at Op industrial scale is a state-of-the-
Art, eco-green, commercial facilities that handle 10 million pounds of health care linens per year.
Its complex business plan is available to all employees
Living wages and health benefits for owners.
If the current forecast is achieved after seven years of work, each employee will have a corporate equity of $65,000.
Second employee in October 2009
Owned, community-
US-based energy company
Install solar panels for the city\'s largest non-profit health, education and municipal buildings. (
In addition, it provides 24-hour family service. )
The third business planned to start this year is-
Round-cut water-based foods produce greenhouses that produce 3 million head lettuce and about 300,000 pounds Basil and other herbs each year.
Any other enterprise is in the planning stage.
Frank Jackson, mayor of Cleveland, praised
Ops is \"a model of how we can get our people back to work and rebuild our communities \".
\"More and more economic development officials are tired of chasing companies with public subsidy funds, such as creating anchored communities --
State-owned enterprises that will not act.
Cleveland United Airlines has
Ops has inspired efforts in other cities to develop similar networks, including Amarillo, Texas;
Atlanta, Georgia;
Pittsburgh, Pennsylvania;
Washington, D. C.
Community Wealth
Building Strategy provides a strong possibility for a longer period of timeterm change.
First of all, in most cases, new wealth
The Democratic approach provides a response (
Or the direction of the reaction)
The economic chaos and social pain of the failure of traditional political methods.
Second, in many cases, they involve very unusual local alliances, often including the support of small businesses and religious leaders.
Third, the trajectory of the system has also begun to be defined (and secure)
New support measures from local, state and national decision makers have also begun to define new directions for potential ongoing and broader policy and political action.
Finally, based on local day-to-day experience, the foundations of political and democratic cultural development may also change over time.
All of this shows that there is still a long and slow process of development after the traditional political and economic failures.
More and more Occupy activists are already looking for workers.
Own a cooperative as a way of self
To fund the movement, to replace the economic space of the company and to develop an economic base that can support other economic and political forms.
The road to building a truly democratic economy may be long, but the growing foundations of community wealth-building institutions provide some basis that, over time, suggest potential quiet development, the foundation of a community-
Maintaining an economy that is in the interest of all Americans, not our current system, which, at the expense of 99% people, brings a disproportional benefit to the richest.
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