Just Economic Transitions: What economic and business models promote justice and solidarity?
To realize racial justice, and other forms of social justice, we have to address the underlying structures (rules, incentives, practices) of our existing dominant economy. Much of our economy is based on “othering” and oppressing people and destroying natural resources, then either denying wrongdoing or looking at harm done as “externalities.” We need new economic models in both urban and rural communities at the individual business/company level, community/economic development level, and economic policy level that support human dignity, diverse belonging, and ecosystem vitality.
From cooperative ownership models to community-based and sovereignty movements to circular economies and gift economies, different alternatives are showing up, being reinvigorated and evolving. And there are many longer-standing “regenerative” economic models in indigenous communities and communities of color.
Did you know that Booker T. Whatley, a black American who taught at Tuskegee University, launched the Community Supported Agriculture (CSA) concept and Pick-Your-Own (U-pick) farming models?
And see this article on “What Indigenous Culture Can Teach Us About a Fair Economy.”
Here are a few more of the many evolving economic models you can check out:
Federation of Southern Cooperatives
As you explore these long-standing and new models, what comes up for you? What thoughts? What feelings? What approaches are you experimenting with and/or hearing about that support justice and sustainability? What are some of your own visions (more on vision tomorrow) for a just and thriving economic future?
The Yes! article is great. I am glad the 2008 article was republished this year. I wish I read the article in 2008. Removing or separating from the current extractive economy is necessary for equity not only between us humans but all living things plants, insect, animals, etc. The cooperative business models are best to drive towards regenerative economies because cooperation will increase civic engagement and strengthen the local economy by keeping profits within local communities. A vision I have is a system that separates corporations and state as a way to stop the concentration of wealth in the hands of the few and spread it to the hands of the many.
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Here is another great resource for structural and system ways to address the racial wealth gap: https://ips-dc.org/report-racial-wealth-divide-solutions/
While today’s readings are great, I like that this report provides a helpful framework for thinking about the range of ways we can act for change in this realm.
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Thank you, Vanessa!
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