The latest neighbourhood initiative: ShirleyTOPS

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ShirleyTOPS is a community focused web site designed to encourage Shirley residents to support local businesses. It promotes around 500 businesses that trade across the Shirley area, listing shops by category – with clubs, nurseries, doctors, schools and a range of organisations promoted as well as over 500 places to shop or relax and enjoy a drink or meal. There is also a useful section on units to let.

shirley tops graphic

Developed at no cost to Shirley businesses, or the council tax payer, the ShirleyTOPS web site is sponsored by The Solihull Green Party. The content has been made possible thanks to hundreds of hours of input by volunteers.

Councillor Howard Allen sends the link: http://www.shirleytops.co.uk/. He writes:

Shirley high street in particular has suffered recently as Parkgate, instead of bringing the promised high street ‘names’, competes with the high street by adding to the number of bargain and charity shops. The situation is not desperate but some quick action is needed to halt and reverse the decline. Hopefully, the ShirleyTOPS web site will help by encouraging residents to support the local economy and shop locally rather than travelling further afield.

If anyone wants a club or society advertised and it’s not already on ShirleyTOPS then please just let me know. There is a contact form on the website for all to use.

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Shirley Greens will be regularly advertising the ShirleyTOPS website to the over 16,000 homes in Shirley asking residents to use local businesses wherever possible. The Shirley Greens will also be direct mailing everyone who moves to Shirley to both advise them of all the things on offer in the area and again asking them to support their local businesses.

We are very happy to advertise any promotional activity being undertaken by any Shirley business or community group. All they need to do is let us have the details and we will add them to the ShirleyTOPS web site.

Please spread the word and also let me know of any businesses or organisations you think I have missed.

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Cllr Howard Allen – Shirley West ward, Solihull MBC

Time Banks summary

Assembled because of the 15th October, Public Timebanking event in Birmingham

The world’s first time bank is said to have been established in 1973 by a Japanese woman. The benefits that older time bank members derived included formation of new friendship networks to replace those lost by retirement and the chance to use old skills and learn new ones. Time banks can generate a new form of social capital that fosters traditional Japanese reciprocity and has ikigai or ‘sense of meaning in life’ as one of its main pillars. See Elizabeth Miller’s thesis, submitted for the degree of Doctor of Philosophy of the Australian National University June 2008.

time banks boyle coverDavid Boyle, who helped to found the London Time Bank, wrote a 2001 briefing, published on the New Economics Foundation blog, setting out a practical prescription for community time banks, that can release human resources to tackle deep-rooted social problems and also provide practical and effective solutions for a range of public policy problems. Download here.

The time bank idea was further developed at the London School of Economics by Washington law professor Edgar Cahn in 1986, who describes the idea as working like a blood bank or babysitting club: “Help a neighbour and then, when you need it, a neighbour – most likely a different one – will help you. The system is based on equality: one hour of help means one time dollar, whether the task is grocery shopping or making out a tax return… Credits are kept in individual accounts in a ‘bank’ on a personal computer. Credits and debits are tallied regularly. Some banks provide monthly balance statements, recording the flow of good deeds.”

time-bank graphic

Our database first records a reference to a 2001 letter to Ed Mayo, then director of the New Economics Foundation, enclosing a donation for the Time Bank work with a local reference:

“I rather like our South Birmingham LETS social fund, which enables elderly and/or frail people who are not LETS members to use the appropriate services – shopping, sitting, gardening etc. It costs nothing except members’ donations of Hearts to the fund. Where Time Banks will perhaps work better is in becoming better known – forming linkages with Health Centres and other organisations – because the gripe here is that the fund is not used enough”.

The Farmers Guardian (26.10.01) recorded that the Cumbria Rural Women’s Network was helping women to train or retrain, set up or expand their businesses. The network catered for 16-year-olds upwards with some 15 local networks bringing women together on a geographic or common interest such as a wool group. Voluntary co-ordinators and mentors – successful business women or rural women with professional training – advised and supported budding entrepreneurs. The commitment was repaid by the time bank – this means that their time is repaid by an equivalent amount of someone else’s work or training time.

In its 2002 Social Enterprise Strategy (now archived) the Department of Trade and Industry highlighted the remarkable upsurge in competitive social enterprises – credit unions, social firms, housing co-operatives, fair-trade and ecological enterprises, managed workspaces, farmers’ markets, recycling initiatives, employment services, community shops, arts ventures, social care co-operatives and time banks.

James Robertson’s Newsletter No. 8 – December 2005, brought news of a Municipal Time Bank: ”The Overstrand Municipality in Hermanus is running this project in partnership with SANE and the Embassy of Finland. It enables poor people in the municipality to reduce their debts or pay for services, and the municipality gains the value of the work they do. The benefits of this Community Exchange System (CES) are that people work for each other and their communities. This encourages people to identify and use their skills to meet local needs, builds the local economy and community, and compensates for cashlessness.

2015

time banking logo

http://timebank.org.uk/

Local development as a strategic alternative in Fife

Once again many will question the dependence on a global market economy as headlines shout, “China’s ‘Black Monday’ sends markets reeling”. For months, in a range of publications, Mohamed El-Erian, who chairs President Obama’s Global Development Council, has been forecasting the risk of a ‘perfect storm’, adding that considering ‘its destructive potential, it warrants serious attention by policymakers’, though China does not loom large in his list of contributing factors.

fifediet small family2

Mike Small (with family, above) is said to be ‘behind’ the Fife Diet local eating experiment, which aims to relocalise food production and distribution on a regional basis, as a response to globalisation and climate change. See a 2008 Telegraph article and more in depth on the Transition Culture website.

Remarkably, it is funded by the Scottish Government’s Climate Challenge Fund and has also received funding from Celebrating Fife, the Co-op Community Fund and Awards for All.

Over an eight year period the Fife Diet has developed from a simple idea framed around ‘local eating’ to a complex one about sustainable food, environmental justice, globalisation and culture. They set out to build a sustainable food movement that popularised eating healthy, local produce in Fife, starting from the understanding that there is something fundamentally wrong with the food system but also from the thought that they could, by acting collectively, do something about it.

They now believe that food has become central to the precarious economy. Real progress won’t be made until control is regained over the retail experience, and profiteers that benefit from products that fuel obesity are confronted.

In the Food Manifesto they are developing, they call for opportunities for the ‘right to grow’ and an expectation of quality healthy food in our public institutions, aiming eventually to become – as the Scottish government puts it, a ‘Good Food Nation’.

FAQ: “But what fruit do you eat?” Fife’s Pittormie fruit farm produce:

fife's pittormirefruitboxjuly091

Remarkable achievements listed on their site:

CELEBRATING OUR OWN FOOD CULTURE

When we started we were met by a mixture of incredulity and poorly-disguised scepticism. People really didn’t think that you could eat food from Fife, and survive at all. It was just unthinkable, unimaginable.

CARBON SAVINGS

In 2011-2012 we saved 1019 tonnes of C02e. Then, in a three year period (April 2012- March 2015) we saved a further 6976.37 tonnes of C02e. These are immediate savings, by diverting food waste from landfill thereby avoiding creating methane, for example, or by sequestering carbon and enriching soil with compost, but also by eating locally, growing our own food, eating organic, changing the meat we ate (and eating less of it).

OUTREACH

We held or attended over 500 outreach events over the three years, engaging with 15,520 people.

GROWING SPACES

We established a community food growing garden, a wildlife and forest garden and a vibrant volunteer and community group who are maintaining them. We hosted 57 events at the garden, including the children’s gardening club, large community lunches and volunteer sessions.

COMMUNITY ENGAGEMENT

We ran 79 weekly children’s gardening clubs (79 clubs over three years) and hosted 7 large-scale community events.

LEADING THE WAY

We were part of building a new food movement in Scotland that encompasses the right to food, championing small producers, insisting on sustainability as a measurement of quality in food production and celebrating food sovereignty.

NEW ORCHARDS

We planted 7 orchards around Scotland from Galloway to Sutherland with our Silver Bough tour (‘ a cultural conversation about apples’).

SCHOOL LUNCHES PILOT

We collaborated with Fife Council and the Soil Association in a pilot project exploring regionally sourced, healthy, sustainable and organic school lunches. See here.

INSPIRATIONAL PRINTED MATERIAL

We published a series of inspiring posters, postcards, booklets and other materials including recipe books, calendars, guides on native apple varieties and a booklet on gardening with kids. We also produced a free Ebook for our members of Collected Recipes from the life of the project.

BIRTHING THE ORCHARD COLLECTIVE

We curated and hosted the National Orchard gathering and helping the Orchard Collective into existence.

THE BIGGER PICTURE

We are proud to have been part of a wider movement and welcomed the collaborative work over the past eight years with such groups as Nourish, the Soil Association, Slow Food, Permaculture Scotland and Transition Towns.

Much more here: http://fifediet.co.uk/fife-diet-chronology/

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End note: protect and rediversify local economies

pp hines logoAs LWM’s co-founder, Colin Hines, has written, there is growing opposition to a system which regards as inevitable the driving down of tax rates for higher income earners, worsens social and environmental conditions and kills local jobs and small business opportunities:

“Whistling in the dark to keep up the nation’s economic spirits by promising export-led growth in an era of rising Asian dominance is a ridiculous policy. The alternative to these dangerous and damaging dark alleys is to propose a set of practical measures for protecting and rediversifyng local economies. This is the only way to tackle the economic and environmental crises, return local control of the economy to citizens and provide a sense of hope for their future . . .”

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Bristol Pound – Birmingham Pound?

In March LWM’s co-ordinator reported the local interest in the potential of a Birmingham Pound – the Birmingham Mail following up one tweet about a first-stage meeting of a few potentially interested people. News of an increasingly well-developed scheme in Bristol gives an insight into the role of a local currency.

bristol poundThe Financial Times reported recently that theBristol poundis beginning to take root and ‘count’ in the local economy.

There are now about 1,200 members with Bristol pound accounts. Around 900 businesses in the city accept the currency including:

  • the local bus company which accepts Bristol pounds;
  • the council which accepts the local currency for council tax;
  • Good Energy, which takes the local currency as means of payment;
  • Yurt Lush, a Mongolian themed restaurant, which this month became the first business to pay its electricity bill using Bristol Pounds;
  • the council which will give staff who opt for this, all or part of their salary in Bristol pounds; George Ferguson, the mayor, is paid in the currency.

The Bristol Pound was launched in 2012 to support local business and reduce the environmental impact of long supply chains. There are notes of £1, £5, £10 and £20 denominations and someone opening an account with the Bristol Credit Union deposits sterling and is credited with an equal number of Bristol pounds. This money can be cashed, or drawn on electronically to pay bills online or via a mobile phone.

A case history from the FT:

bristol pound case history

The organisers say because the credit union is regulated by the Financial Conduct Authority, Bristol pound deposits will enjoy the same protection as an ordinary bank account.


Read the article here – free registration: http://www.ft.com/cms/s/0/4fe13c82-31e8-11e5-91ac-a5e17d9b4cff.html

 

Will beneficial alternatives emerge from the Greek crisis?

nefAndrew Simms of the New Economics Foundation thinks so, commenting: “While disaster reveals a society’s economic and social weaknesses, it also reveals where true resilience and real value can be found – in the ability of people to cooperate at the local level to meet a community’s needs”.

Localise West Midlands’ Localising Prosperity programme suggests that approaches to economic development that concentrate more on ‘locally grown’ enterprise, supply chains and investment are more successful in creating successful places, well-being and social justice.

lwm loc  prosp graphic2

In a diverse, localised economy, more people have a stake, which redistributes economic power, reducing disconnection, inequality and vulnerability to ‘too big to fail’ institutions.

Greek survey questions could include some of those LWM listed for the West Midlands:

  1. What sectors and types of economic activity could be localised?
  2. By how much could economic activity be localised?
  3. What quantifiable benefits might it bring?
  4. Decentralising capitalism and capital outflows from the region.
  5. Localising money supply and markets.

Two relevant developments

Peer to peer technology [P2P]

The Guardian has reported the story of Volos, a Greek city where locals have adopted an alternative currency, known as the Tem. As the country struggles with its worst crisis in modern times, with Greeks losing up to 40% of their disposable income as a result of austerity imposed in exchange for international aid, the system has been a huge success. Although locals insist the Tem, which is also available in voucher form, will never replace banknotes they say it is a viable alternative. The mayor of Volos says that the alternative currency has proved to be an excellent way of supplementing the euro: “We are all for supporting alternatives that help alleviate the crisis’s economic and social consequences. It won’t ever replace the euro but it is really helping weaker members of our society. In all the social and cultural activities of the municipality, we are encouraging the Tem to be used.”

Parallel economies

Elsewhere, Andrew Simms reminds us, in the wastelands created by recession in Detroit in the United States, unemployed people have turned to urban gardening to grow their own food and reclaim abandoned plots of land. People have done the same in poor parts of New York.

After the financial crisis that wrecked Argentina’s economy at the turn of the millennium, community gardens sprang up alongside community kitchens. Things went much further in Argentina as whole arms of government ceased to function properly. El Movimiento de Trabajadores Desocupados, the movement of unemployed workers, brought groups together to do everything from making food, to building shelters, creating markets for people to sell their products, schooling and, also, demonstrating. They created, in effect, a parallel economy. Panaderia, bloquera and ropero – bakeries, block making, and clothes making and selling were a particular focus which is perhaps unsurprising being the basics of a livelihood: food, shelter and clothing.

Decentralising capitalism and controlling capital outflows from the region

Greece shut down its banking system, ordering lenders to stay closed for six days starting on Monday, and its central bank moved to impose controls to prevent money from flooding out of the country. This might lead to a process of domestic investment, reversing the process of the Thatcher government’s legislation which starved British industry of investment funds.

Whatever the causes of the crisis: over-spending on German military equipment, high public expenditure, failure to collect taxes, lack of ‘due diligence’ on the part of lenders or the single currency, many hope to see the emergence of creative ways of developing a stable Greek economy.

Described as a “small quasi-closed economy” by the director of the Centre for European Policy Studies – with 12.4% of the country’s labour force employed in producing food and cotton, one of the world’s leading fishing industries and the substantial revenue from tourism and shipping – Greece seems to have a ‘head-start’.

Event: Guild of Independent Currencies: June Meetup

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Date: 15th June 2015
Time: 9:30am to 5pm
Where: Exeter Quaker Meeting House. Wynards Lane EX2 4HU
Cost: £5 includes lunch and refreshments

The Guild of Independent Currencies has been created by the Bristol Pound (covered on sister site in 2013) to help others to launch their own independent currencies, supporting them through shared technology, best practice and with anything else they may need. Read more here: http://guildofindependentcurrencies.org/

bristol pound

(Covered on sister site in 2013) Bristol Pound director Chris Sunderland explains that “Most of the money spent in a city, leaves almost as soon as it’s spent. It goes up to the financial institutions and gets lost. What people can be sure of with Bristol Pounds is that they’re circulating in the city and that’s where they’ll stay.”

Around 650,000 Bristol Pounds are in circulation and more than 750 local businesses use the scheme. Inspired by Bristol Pound’s success, locations including Cardiff, Bath and Kingston are considering starting their own scheme. Local currencies also exist in Totnes, Stroud, Lewes and Brixton.

If you are interested in local currencies, thinking of setting one up in your local area or currently engaged in trying to make one work, then Exeter is the place to be at the moment. This September they will launch their own currency and preparations are in full swing, come and meet the team at our June Meet Up and find out how they are getting on.

Agenda (Draft)

We’re packing it in for a fun and informative day! All the information and help you need for your local scheme plus swap tips and stories about how you are making it happen.

9:30 Arrive, Coffee, Mingle
10:00 Welcome to conference from Exeter Pound, practical info
10:10 Keynote Chris Sunderland, Founder Director Bristol Pound CIC
10:30 Introductions and updates from currency schemes attending
11:00 Workshop: Community and trader engagement
11:30 Tea Break
12:00 Workshop: Institutional Engagement and Procurement
12:30 Workshop: Legal and Regulatory Issues, including Credit Union involvement
13:00 Lunch provided by Real Food Cooperative
14:00 Printed Currencies Presentation Brian Kenworthy, Orion Security Print
14:30 Workshop: Technical Developments
15:00 Open Space Discussions – topics to be decided throughout the day
16:30 Guild of Independent Currencies – Next steps
17:00 Close

Limited places available so don’t miss out by booking now!

Booking: http://www.eventbrite.co.uk/e/meetup-june-2015-tickets-16875566273

 

Is a quiet political revolution getting under way?

As the old order with its class and gender hierarchies gave way, George Monbiot points out that the void filled with junk could have been occupied by a better society, built on mutual support and connectedness, without the stifling stratification of the old order.

The feast to which we were invited is only for the few’

foe logoInstead, as the developed world – saturated with advertising, the handmaiden of market fundamentalism – became reliant on rising consumption to avert economic collapse, he notes that Friends of the Earth has begun to explore how we might reconnect with each other and with the natural world. New models for urban living are based on sharing rather than competitive consumption:

  • the sharing of cars and appliances and tools,
  • of money (through credit unions and micro-finance) and power.
  • community-led decision-making, over transport, planning and, perhaps, rent levels, minimum and maximum wages,
  • municipal budgets and taxation.

Such initiatives, facilitated by the state can bring people together with a sense of shared purpose, ownership and mutual support that centralised decision-making can never provide. But in some areas, non-party political movements are achieving this without that elusive government facilitation

Independents

Peter Macfadyen, Kate Bielby and Mel Usher of Independents for Frome
Peter Macfadyen, Kate Bielby and Mel Usher of Independents for Frome

Today, a neighbour gave the writer a cutting about Frome’s declaration of independence.

This Somerset market town has developed “flatpack democracy”, taking political power at a local level and enabling people to have a greater say in the decisions that affect their lives.”

Independents for Frome took all 17 seats on Frome’s town council, with vote-shares as high as 70%, and support from people who cast their other votes for the main political parties.  

Localism in action

Though local Conservatives were convinced that austerity had to apply even at the most local level, the council has borrowed around £750,000 to invest in buildings and land:

  • green spaces have been spruced up
  • game-changing help has been given to the local credit union
  • he council is involved in a new renewable energy cooperative,
  • and has put money into the setting up of a new “share shop”

In Devon the Buckfastleigh Independents group have followed a similar path. the town’s new deputy mayor, Pam Barrett says the town is ”a working-class town that’s been suffering from a real loss of services.” After fighting – successfully – to keep open a library and swimming pool, she and other residents stood for town council seats that had not been contested for “20 or more years”. One of the catalysts, she says, was a box of 10 copies of the Flatpack Democracy booklet, which was brought in by one of her colleagues. On 7 May, they also took nine of 12 seats, and started running the show.

Flatpack Democracy ideas are being shared with other groups in Devon and Somerset and though people in Alderley Edge, Cheshire were not aware of developments in the West Country, their thinking is much the same: as one newly elected councillor, Mike Dudley-Jones, said: “our basic mantra is that there is no place for mainstream party politics at this level”.

On election day, Conservatives lost all nine of the parish council’s seats to this group – Alderley Edge First – which also took the village’s one seat on Cheshire East council.

Community energy solutions: Plymouth

In 2012 Plymouth’s co-operative city council established a Low Carbon City Team, which helped to identify the city’s potential for community energy solutions and forge partnerships. The council funded pre-development, initial community engagement and business plan development.

plymouth bencom header

In 2013 it joined forces with local residents to form Plymouth Energy Community (PEC) which then set up a second Industrial & Provident community benefit society (Bencom), PEC Renewables, to fund and manage renewable energy installations. PEC has 850 members, 95% of whom are local residents, and the number is rising, with more joining as the current share offer progresses.

Marie-Claire Kidd reports that Plymouth’s energy future is changing. PEC Renewables launched its first share offer in February 2014. It closed after seven weeks, oversubscribed at £602,000, with 144 investor members, around half of them local. This enabled it to install free solar photovoltaics on 18 schools and three community buildings between May and November 2014.

pec investors

The installations, which collectively represent 0.78 megawatts, are now generating half-price electricity for their community building hosts. Surplus electricity is sold to the grid. The bencom also receives income in the form of a government subsidy, via the Feed-in Tariff.

PEC Renewables launched its second community share offer this February, this time with a £950,000 target. It will fund more free solar photovoltaics, and bring the bencom’s community fund to more than £1.2m. It is forecasting a return of up to 6% for members, which rises to 10.5% including tax relief. The offer, which closes on 5 May, has already raised £510,000.

midland house council offices plymouth

Plymouth’s largest solar roof will be installed on Plymouth Life Centre, a diving centre and one of the busiest leisure centres in the country, and there will be solar panels on four more schools, bringing the total to 1.3MW. (Above: panels on Midland House, a Plymouth council office)

Plymouth has 11,500 households in fuel poverty – 10% of its population – and an energy-inefficient housing stock. The city council has produced a plan to reduce emissions from the council estate by 20% by 2015 and reduce citywide emissions by 30% by 2020.

One of its main aims is to help local people to understand their energy options, so it is promoting grant schemes for free cavity and loft insulation and subsidised external wall insulation, offering savings of around £260 per household per year. It has also provided energy tariff advice for over 600 households, offering average savings of £180 per year.

PEC Renewables’ community fund is being used to tackle the challenges of rising energy costs, fuel poverty and climate change. Projects include PEC’s fuel debt advice service, which has helped local residents clear £55,000 of energy bill arrears in the last 10 months, and its energy team, which trains volunteers to provide free home energy advice to at-risk households.

 

To learn about Plymouth’s plans for the future, read Ms Kidd’s article.

Could Brummie bonds fund house building?

john clancyCity councillor John Clancy, who once worked in the venture capital market, explains in a Chamberlain Files article,  [accessed via the Brummie], that  ‘Brummie bonds’ can provide much needed investment and kick-start building by local councils and housing associations across Birmingham.

Some readers will remember that the Brummie Bonds concept was incorporated in the 2003 People’s Pensions Proposal, informally presented to MPs, an MEP and NGOs by a London colleague Colin Hines (co-founder of Localise West Midlands) with co-authors, accountant Richard Murphy (now of Tax Justice fame) and MP Alan Simpson. Read on here.

In October 2004, David Bell’s article on the subject in the Post: Buy a share in Brum pointed out that bond issues are used to raise finance by federal states in Germany and many other local authorities around the world, but although English councils have powers to issue bonds none are believed to have used them.

John Clancy’s vision is of a 40-ward investment strategy. An access-all-areas Brummie Bond investment issue is needed and he records that the Labour Party’s policy announcement last weekend on the Future Homes Fund is effectively the revival of the concept of housing bonds itself:

  • Anyone saving for a house deposit can put it in an ISA to which the Government would contribute 20%. The Labour Party is proposing that those funds would be earmarked for new house building. The banks would be directed to invest these assets into housing bonds.
  • Local councils and housing associations would issue bonds into which the UK’s banks would be required to invest. This would keep investment by UK citizens in the UK and, effectively, into local and regional investment.
  • If local developers are sitting on a land bank where planning permission for housing is already given, then the “use it or lose it” principle would have to apply. If there is capital ready and willing to buy and build from housing bonds, then so be it. Positive, active creative capital will need to push out dormant, destructive, delayed capital.

There is now a growing consensus that investing in UK housing is the best investment strategy for the health and wealth of the funds. They provide healthy returns on a risk adjusted basis to the pension funds.

A recent analysis by TradeRisks.com recommends hard-nosed investors (especially pension funds) to go into social housing bonds rather than corporate bonds, and that now is the best time to do so. Sixteen of the biggest 60 Housing Associations have now issued own-name public housing bonds. It’s time for local councils to do the same.

Government has relaxed the rules on investment and recognised the key part that local government pension schemes have to play in regeneration, infrastructure and ‘green’ investments. Cllr Clancy says that if any local government pension fund has not laid out its 30% housing and infrastructure asset investment strategy, we should ask why it has not done so. He ends:

It’s time for Bonds: Brummie Bonds.

Let’s build.

America: six big shifts towards an economy that distributes economic benefits widely and minimizes damage to the environment

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sarah van gelderSarah van Gelder (right) is co-founder and executive editor of YES! Magazine which feature powerful ideas and practical actions towards a more just and sustainable world. She has co-founded a cohousing community, organized tenants and built a produce cooperative, providing local, sustainably grown whole foods, at affordable prices, to residents who want local, sustainable food sourced within walking distance of their homes.

Sarah points out that, in America as in Britain, corporations and the wealthy are recovering well after the collapse of the global economy in 2008. This is confirmed by Nomi Prins, (left, a senior fellow at America’s Demos) who has worked as a managing director at Goldman-Sachs, a Senior Managing Director at Bear Stearns and senior strategist at Lehman Brothers.

nomi prinsShe records that corporate profits have jumped back to near-historical highs, and banks are hoarding an extra $1 trillion in reserve at the Fed. However, Ms Prins points out that over 90% of the population have “an overhang of debt, stagnant wages and inferior jobs, all exacerbating income inequality”.

Sarah asserts that many people are losing patience with the corporate economy—and turning to initiatives that build a new economy. Grassroots groups, local entrepreneurs and broad-based coalitions are building the foundations of an economy that distributes economic benefits widely and minimizes damage to the environment. She lists six big shifts (the links are very well worth following):

  1. Local food, once a tiny niche market, has gone mainstream. The growing, processing, and marketing of local foods is booming in many areas, including the eastern U.S., abandoned neighborhoods in Detroit, Michigan and towns and cities throughout the country. Via farmers markets and direct purchases from growers, the food travels quickly from farm to table, keeping it fresh and nutritious. Local food isn’t always greener, but a local diet does reduce emissions from food transportation, support local jobs, and connect people to their neighbors and local environment.
  1. More workers own their jobs. Worker-owned co-ops have been spreading, particularly since the recession. While they, like all businesses, can struggle, they also can help keep good jobs stable and keep money in the community. In the Bronx in New York City, the 2,300 employees who work at Cooperative Home Health Care Associates get better pay, more job security, and more training for career advancement than their counterparts at competing firms. In Chicago, workers at a manufacturing plant who were laid off when the plant was shut down bought out the factory and now operate it as New Era Window and Doors. The most famous example of worker ownership, however, is in the Basque region of Spain, which has more than 70,000 worker-owners in more than 200 enterprises. Labor unions and community activists in the United States are beginning to emulate the success of Spain’s Mondragon Cooperatives, especially in hard-hit rust belt regions.

karma kitchen

  1. The economy goes DIY. Making, DIY, and sharing culture: ethic of reuse and no waste, a bias for local and small-scale, and a preference for generosity is blossoming. Young people especially are building tiny houses and writing open source software. Online platforms like Couchsurfing let people share their homes with travelers. Others have started “pay-it-forward” restaurants where you pay not for your own meal, but for the person behind you in the line.
  1. Money grows more responsible. Campaigners in 22 states aim to open government-owned banks at the state, county or municipal level to finance local economies and keep profits nearby. The latest trend, in light of the threat of climate disruption, is to divest from holdings in coal, oil, and gas companies. To date, more than 800 global investors have pledged to divest over $50 billion. Redirecting assets from big corporations and Wall Street to sustainable local enterprises is providing investment capital needed to fuel the new economy.
  1. clt berkshiresSome homes stay affordable. A small percentage of people are living in community land trust homes – affordable by design – and foreclosure rates were one-tenth of the national level. This success is causing cities and advocates for the poor elsewhere to look at this as a model of permanently affordable housing. Keeping basic necessities, like our homes, out of the speculative market helps stabilize the economy and averts the disruption and impoverishment that results from predatory real estate and lending practices.
  1. Innovation emerges to protect our resources. The new economy draws on the wealth of common assets, including fresh water, the Internet, green spaces in our cities, and the storehouse of knowledge we inherit from previous generations.

It does so in a way that neither depletes them nor excludes others. That means protecting water quality, keeping the Internet open, protecting the stability of the climate, and ensuring access to a good education—for ourselves and for those not yet born.

The new economy is being built on grassroots-led, pragmatic actions that people around the U.S. and around the world are taking to create widely shared, sustainable prosperity.

Read Sarah’s article here: http://www.yesmagazine.org/new-economy/six-ways-the-us-is-building-a-people-powered-economy