Community wealth building
*The “community wealth building” strategy for promoting community networks down the stack can be helpful here. Public and quasi-public anchor institutions like government agencies, hospitals, and universities could be mined for procurement contracts that funnel revenue to the deprivatized sector and help it grow. Cooperatives could form federations to collaborate with one another in various ways. Governments could encourage them with loans and grants and tax breaks.
1. Five principles
- Plural ownership of the economy.
- Making financial power work for local places.
- Fair employment and just labour markets.
- Progressive procurement of goods and services.
- Socially productive use of land and property.
2. Challenges
The problem is that although this offers a solution emphasising growth, and the potential for a more democratic model of ownership to emerge, there can be strong tendencies towards simple local protectionism. Leadership candidates speaking about localism must ensure it’s more than a simply a listening exercise and they should be looking forward for their solutions, not into the past.
– Can municipal socialism be Labour’s defence against ongoing austerity?
3. Articles
4. Elsewhere
4.1. In my garden
Notes that link to this note (AKA backlinks).
- Internet for the People
- Municipal socialism
- Community Wealth Building 2.0
- The climate crisis is global, but councils can offer local solutions
- 2021-05-09
- 2022-05-19
- 2021-08-16
- 2021-05-15
- 2021-04-18
- Ben Tarnoff Wants to Socialize the Internet
- GO BIG #2: A Big Idea to Rethink the Economy
- Ways to reclaim the stacks
- The Preston Model
- Public-collective partnerships
- When Preston Meets the Doughnut
- How would you include free software in community wealth building?