Table of Contents
Foreword Naomi Klein ix
Preface xiii
Introduction 1
From Cleveland to Preston
A new paradigm for economic transformation
1 An Economy of, By, and for the People 15
The Great Wave Rising Worldwide
Principles of a democratic vs. extractive economy
2 The Principle of Community 27
The Common Good Comes First
Regenerative community in Indian country
3 The Principle of Inclusion 41
Creating Opportunity for Those Long Excluded
Incubating equity in Portland economic development
4 The Principle of Place 51
Building Community Wealth That Stays Local
The $13 billion anchor mission in Cleveland
5 The Principle of Good Work 61
Putting Labor Before Capital
The worker-centered economy of Cooperative Home Care Associates
6 The Principle of Democratic Ownership 73
Creating Enterprise Designs for a New Era
The employee-owned benefit corporation, EA Engineering
7 The Principle of Sustainability 85
Protecting the Ecosystem as the Foundation of Life
The Federal Reserve's power to finance ecological transition
8 The Principle of Ethical Finance 97
Investing and Lending for People and Place
Banks and pension funds invest for local wealth in Preston, England
Conclusion 111
From an Extractive to a Democratic Economy
Thoughts on next steps for the pathway ahead
Afterword Aditya Chakrabortty 117
Appendix-Networks of the Democratic Economy 121
Notes 127
Acknowledgments 145
Index 149
About the Authors 165