The #DemocracyCollaborative, a"Democratic Economy' IS possible, with Ted Howard
The US economy is designed by the 1 percent, for the 1 percent, says Ted Howard in conversation here with Claudia Cragg (@ClaudiaCragg). His new book, , written with , offers a compelling vision of an equitable, ecologically sustainable alternative that meets the essential needs of all people. Ted Howard is the Co-founder and President of . Previously, he served as the Executive Director of the National Center for Economic Alternatives. Howard and Kelly argue cogently that we now live in a world where 26 billionaires own as much wealth as half the planet’s population. The extractive economy we live with now enables the financial elite to squeeze out maximum gain for themselves, heedless of damage to people or planet. But Marjorie Kelly and Ted Howard show that there is a new economy emerging focused on helping everyone thrive while respecting planetary boundaries. At a time when competing political visions are at stake the world over, this book urges a move beyond tinkering at the margins to address the systemic crisis of our economy. Kelly and Howard outline seven principles of what they call a Democratic Economy: community, inclusion, place (keeping wealth local), good work (putting labor before capital), democratized ownership, ethical finance, and sustainability. Each principle is paired with a place putting it into practice: Pine Ridge, Preston, Portland, Cleveland, and more. This book tells stories not just of activists and grassroots leaders but of the unexpected accomplices of the Democratic Economy. Seeds of a future beyond corporate capitalism and state socialism are being planted in hospital procurement departments, pension fund offices, and even company boardrooms. The road to a system grounded in community, democracy, and justice remains uncertain. Kelly and Howard help us understand we make this road as we walk it by taking a first step together beyond isolation and despair.