New Economy

Why The ‘Local Multiplier Effect’ Always Counts

June 17, 2025 Tricia Truit, Grassroots Economic Organizing. Create! Local Currency, Local Economies, Money, New Economy

The Local Multiplier Effect (LME) is a very valuable, hidden feature of our economies. The term refers to how many times dollars are recirculated within a local economy before leaving through the purchase of an import. Famed economist John Maynard Keynes first coined the term "Local Multiplier Effect" in his 1936 book The General Theory of Employment, Interest and Money. Imagine a hypothetical influx of money, say one million dollars, entering a local economy. Now imagine these dollars are spent on local goods and services. Imagine that each of the local vendors who earned those dollars then re-spends that money on more local goods and services.

Sociocracy: A ‘Light In Our Path Towards A Co-operative Society’

March 23, 2025 Alice Toomer-McAlpine, The News.Coop. Create! Collective Wisdom, Cooperatives, New Economy, Sociocracy

When it comes to collective leadership, simply having the willingness to work in this way is not always enough, and trying to ensure everyone is heard without systems and structures to support this aim can become messy and unworkable. A growing number of co-ops are exploring how the governance system of sociocracy can help them to ensure those involved have a say while still getting things done. Sociocratic organisations are made up of small, semi-autonomous working groups called circles, connected by members who ensure the flow of information between them. Roles within circles are selected via an open, transparent selection process rather than a secret ballot.

The Seven Fundamental Drivers Of Overshoot

March 17, 2025 Nate Hagens, Resilience. Strategize! climate crisis, New Economy, Overshoot, Sustainability

Humanity is in overshoot. The last 50 years have marked a unique period in history during which our species has been able to access, extract, and consume natural resources at a rate faster than the Earth is able to regenerate them. As humanity continues to grow its population beyond the carrying capacity of its environment, the associated excess consumption is degrading the health of Earth’s ecosystems. By over-consuming our environment—and ecosystem stability—in the short-term, we are putting our planet’s long-term stability and capacity to provide for future generations in jeopardy.

Arizmendi: A Co-Op Of Co-Ops

March 15, 2025 Transition Bus, Grassroots Economic Organizing. Create! Cooperatives, Democracy, New Economy, Solidarity, Worker Rights

I like everything all together. I like the fact that it's a cooperative. I like working with my hands and I like physical labor. Everybody's paid the same wage no matter how long you've been working at the Cheeseboard. Even though I'm one of the newest people there - I've only been there two years - I still have all of the rights, responsibilities and privileges as somebody who's been there for 30 or 40 years. Everybody is valued equally and we operate by consensus, but we all make decisions collectively. We're always trying to work together to make the decision work for everybody. So we reach unanimity on almost every decision.

A Cautionary Tale From The US Federation Of Worker Co-ops

February 15, 2025 Caleb Elliott, Grassroots Economic Organizing. Resistance Report Cooperatives, Democracy, New Economy, Worker Rights

In this episode of Punchcard, we speak to Rebecca Kemble, an experienced cooperator from the US, who is a member of Union Cabs Worker Cooperative in Madison and co-founder of the Solidarity Economy Principles Project. From 2009-2016 Rebecca was a member of the board of the US Federation of Worker Cooperatives, and in late 2024, Rebecca penned an article pointing a finger at the Federation for having drifted away from its grassroots cooperative movement origins, by centralising power and becoming unaccountable to the cooperatives that it claims to represent.

How A Worker Cooperative Is Mitigating The Stray Animal Crisis

February 13, 2025 Damon Orion, NationofChange. Create! Animals, Cooperatives, New Economy, Texas, Worker Rights

The popularity of support animals attests to the mental health benefits of bonding with a pet, such as decreased stress, anxiety, and loneliness. According to the Mayo Clinic, having pets may also positively impact cardiovascular health and blood pressure control. Unfortunately, many animals that could be treasured companions never get that opportunity. This is especially true in the state of Texas. According to the animal welfare group Best Friends Animal Society, approximately 568,325 cats and dogs entered Texas shelters in 2023, and an estimated 82,681 of these animals were killed.

Chicago Clinic Offers Free Legal Aid To Solidarity Economy Groups

February 6, 2025 Damon Orion, Resilience. Create! Chicago, Legal Aid, New Economy, Solidarity Economy

Chicago, Illinois, has a rich history of grassroots organizing. Notable examples are the Back of the Yards Neighborhood Council’s efforts to improve local economic and social conditions and the Black Panther Party’s establishment of housing cooperatives and free food, clothing, and medical services. The solidarity economy movement has continued to gain momentum in Chicago. In 2024, a map from the worker-owned ChiCommons Cooperative showed more than 800 solidarity enterprises, co-ops, and mutual aid groups in the city.

Building Regional Cooperative Ecosystems

December 21, 2024 Cooperate Connecticut, Grassroots Economic Organizing. Create! Connecticut, Cooperatives, New Economy, Solidarity Economy

Cooperative businesses, on principle and out of necessity, cannot exist in isolation! In order to survive and to create real, lasting economic impact in our communities, co-ops and our supporters must work together and be strategic. In this session, Building Regional Cooperative Ecosystems, from Beyond Business as Usual 2024: Co-Ops and the Next Economy, you will learn more about the concept of a "cooperative ecosystem" and hear lessons from organizers building regional cooperative ecosystems as part of the global solidarity economy movement.

Adapting Employee Ownership For Truly Democratic Businesses

November 12, 2024 Kosta Juri and Tej Gonza, Grassroots Economic Organizing. Create! Cooperatives, Democracy, ESOPs, Globalization, New Economy, Worker Ownership

The form of globalisation that has prevailed – one that primarily serves the interests of financial and corporate elites – is, to a large extent, a political and legal artefact, not an inevitable outcome of an increasingly interconnected global economy. More specifically, it is primarily attributable to the commodified nature of the business enterprise, which is essentially a human organisation but legally treated as a commodity in our economies. A prime example of the damaging effects of business commodification is the private equity industry. Private equity firms typically acquire businesses with growth potential (often through a leveraged buyout, a mechanism originally devised by Louis Kelso in the 1950s for worker buyouts), restructure them to maximise profitability, and then sell them for a profit.

Demanding More In The Struggle For Collective Liberation

October 31, 2024 Austin Cole, Black Agenda Report. Strategize! Black Liberation, International Solidarity, Local Economy, New Economy, Pan Africanism

This is the second and final part of of a two-part interview series coming from a conversation that I had with Nick in April as part of my recently completed masters thesis (see Part I here ). Because the conversation was so insightful and I couldn’t include most of it in the thesis itself, I’ve decided to publish a slightly-edited version of our conversation, in two parts. In this second part, Nick and I discuss local organizing strategy, international solidarity through Pan-Africanist principles, and the applicability of a People(s)-Centered Human Rights framework to municipal work — all with an eye toward what Black/African Liberation looks like materially, locally.

Co-operatives Are At A Pivotal Point

October 22, 2024 Kenzie Love, Grassroots Economic Organizing. Organize! Cooperatives, New Economy, Solidarity Economy, United Nations

When the United Nations General Assembly declared 2012 as the first International Year of Co-operatives, it seemed to herald a bright future for the movement. With the theme of “Co-operative Enterprises Build a Better World”, the International Year of Co-operatives had three main objectives: increasing awareness, promoting growth, and establishing appropriate policies. As CWCF Executive Director Hazel Corcoran notes, it was a heady time. There were large events including a summit in Quebec City held that year, the international Blueprint for a Co-operative Decade was unveiled, and numerous smaller- scale events took place.

African Nations Push For Urgent United Nations Reforms

September 28, 2024 Abdul Rahman, People's Dispatch. Strategize! Africa, António Guterres, BRICS, China, Colonialism, Imperialism, New Economy, United Nations (UN), United Nations General Assembly, UNSC

In the ongoing 79th session of the UN General Assembly, heads of state from African countries reiterated their demand for an urgent reform in global decision making and greater representation of their continent in the Security Council. The African leaders claim that their current exclusion from the crucial decision making institutions is a legacy of colonialism and demanded urgent changes. They underlined that highlighting their exclusion is not merely an attempt to claim representation but to gain real say in crucial decision making on issues directly affecting the African countries and their future, such as peace and security challenges, conflict resolution, climate change, and sustainable development.

The Role Of The Credit Commons In The Commons Economy

September 22, 2024 Dave Darby, Grassroots Economic Organizing. Create! Credit, Localism, New Economy, The Commons

I’m talking to you from Stroud, where a group of us are trying to build the commons economy, and I know you’re doing something very interesting, and related, in Liverpool, which we can touch on today, but maybe we can talk about that in more detail another time. In Stroud we have the beginnings of a housing commons and climbing commons, and there have been conversations about a water commons, land commons, food commons, energy commons. We’ve got some top specialists, ready to go. Now we can’t really have a thriving commons economy using bank-issued, debt-based money. We need a credit commons to be at the core of it, don’t we?

The Baristas Who Took Over Their Café

September 15, 2024 Osita Nwanevu, In These Times. Create! Baltimore, Cooperatives, New Economy, Worker Rights and Jobs

In July 2023, early morning visitors to Baltimore’s Common Ground coffee shop found a sign taped to the door⁠. With a thank you to the Hampden community that had sustained it for 25 years, owner Michael Krupp announced the shop would be ceasing operations “effective immediately.” Common Ground employees released a statement saying they had only been notified themselves the previous afternoon and, notably, had been a few months into forming a union. According to Common Ground barista Nic Koski, the effort was sparked by “general workplace concerns in terms of people wanting more fair, equitable wages, especially between in front of house and back of house, and better treatment — wanting to look into health care and benefits.”

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