Program #ALPG003. Recorded in Northampton, MA on June 11, 2012.
Discontent with the corporate-run economy is mounting in
the wake of the Great Recession. For too many these are dark times suffused by
anger, hopelessness, and despair. There is a long-term structural crisis of
capitalism. The problems are systemic. The top 400 people own more wealth than
the bottom 185 million Americans. How to reverse the ominous spiral of income
and wealth inequality? There is an emerging new economy of practical bottom-up
efforts underway in many cities and towns that seek to democratize wealth and
empower citizens and communities, not corporations. There is a range of
initiatives such as worker-owned businesses, cooperatives, community land
trusts, credit unions, and social enterprises. These structures suggest a
roadmap for laying the foundation to support the values of equality and
meaningful democracy and creating a sustainable economy that can satisfy human
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