The Case for Community Wealth Building

The Case for Community Wealth Building
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Our broken economic model drives inequality and disempowerment, lining the pockets of corporations while extracting wealth from local communities. How can we reverse this?  Joe Guinan and Martin O’Neill argue for an approach that uses the power of democratic participation to drive equitable development and ensure that wealth is widely shared. They show how this model – Community Wealth Building – can transform our economic system by creating a web of collaborative institutions, from worker cooperatives to community land trusts and public banks, that empower and enrich the many, not the few. This book is essential reading for everyone interested in building more equal, inclusive, and democratic societies.

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Joe Guinan. The Case for Community Wealth Building

CONTENTS

Guide

List of Tables

Pages

The Case For series

The Case for Community Wealth Building

Dedication

Preface and Acknowledgements

Introduction: Economic Change, Starting at the Local Level

1 What Is Community Wealth Building?

Two Models of Community Wealth Building: Cleveland and Preston

Origins of Community Wealth Building: A Response to Crisis and Pain

The Emerging Mosaic: Elements of the Democratic Economy

A New Institutional Settlement?

Notes

2 Taking Control: Arguing for Community Wealth Building

Justifying Community Wealth Building

Political Values and Public Control

Extending Democracy

A Society of Equals

Equality and Democracy in Local Economies

Responding to Critiques of Community Wealth Building

On Prisoner’s Dilemmas, Zero-Sum Games, and ‘Municipal Protectionism’

Rent Extraction, Capture by Special Interests, and the Alleged Impossibility of Democracy

Too Many Meetings? ‘The Problem With Socialism is That it Takes Too Many Evenings’

Conclusion: Building Democratic and Egalitarian Local Economies

Notes

3 Community Wealth Building and the Institutional Turn: Routes to a Democratic Economy

Principles of a Democratic Economy: The Need for Systemic Change

Returns to Capital

Moving to Large-Order Change

Labour’s Institutional Turn

Notes

Further Reading and Resources for Action

Index. A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

R

S

T

U

W

X

Z

POLITY END USER LICENSE AGREEMENT

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‘A new approach to economics is needed to tackle grotesque inequalities of wealth and power. Community Wealth Building offers a way for communities to confront corporate power and build a more equal and democratic economy. In this book Joe Guinan and Martin O’Neill show what inspiring action is already happening on the ground and point beyond to what is possible.’

Jeremy Corbyn MP, Leader of the Labour Party

.....

Richard Wilkinson and Kate Pickett, authors of The Spirit Level and The Inner Level

‘The Case for Community Wealth Building is an essential guide to a new and devolved economic movement that challenges forty years of neoliberalism and austerity. It articulates real progress towards a transformed and democratic economy.’

.....

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