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There's a Broad Consensus Among Activists Across the Country — Is Social Change Around the Corner?

When you get involved in your community to build democratized economies, you are part of the global transformation.

February marks the third anniversary of the 2011 revolt in Wisconsin, the occupation of the state capital and mass protests against the attack on workers. Wisconsin was the largest of the protests at that time, but across the United States there were a series of protests against foreclosures, austerity and the unjust economy.

The Wisconsin uprising, along with the Arab Spring and Indignado movement in Europe, inspired Occupy, a revolt that began on Wall Street and spread across the nation. It was a revolt against an economic system – big finance capitalism – that is causing a corrupt and unfair economy; as well as against a government that serves the interests of the wealthiest before meeting the necessities of the people.

People often want to know what the movement for social and economic justice wants.  Occupy Wall Street issued its Declaration of the Occupation of New York City which laid out a series of grievances. But, in addition to knowing what we oppose, we need to define what we stand for. If we do not like big finance capitalism, what will take the place of the current economy?

During the organizing of the occupation in Washington, DC on Freedom Plaza we developed a list of 15 core crisis issues that the country is facing and we outlined solutions to them. These solutions are supported by super-majorities of Americans who, polls show,   could rule better than the elites.

At the core of these solutions is the desire to put in place an economic democracy agenda, building institutions that are controlled by and benefit communities while also protecting the planet. By building wealth in a way that is more equitable and democratic, the rule of money is weakened. A democratized economy shifts political power away from concentrated capital to the public and further empowers people by meeting their basic needs for shelter , food, education, healthcare and income.

In many respects we are in a conflict with big finance capitalism and seeking to birth a new economy that serves the people.  How do we get there? In her book, Getting Past Capitalism: History, Vision, Hope, Cynthia Kaufman suggests we are in a variety of struggles and rather than seeking total replacement, we need to build healthy institutions while challenging those unhealthy ones we can defeat. Gar Alperovitz defines the transition as ‘evolutionary reconstruction’, a way that we gradually build a better world.

Economic Democracy

This week, we re-launched It’s Our Economy, a project dedicated to reporting on and assisting the growing movement for economic democracy. We define economic democracy as:

… premised on the idea that people should not cede power to mega-corporations, big finance, or a “professional” political class. The people have the shared knowledge to help build an economy that works to strengthen communities and build wealth for all, not just a few. We recognize the internal contradictions of big finance capitalism and we have seen the failures of state-based socialism and are seeking to create a new type of economy that is democratized, empowers people to gain control over their economic lives and encourages cooperative solutions that create wealth for ourselves and our communities….

Economic democracy also emphasizes the commonwealth.  The commons includes not only roads, land, water and resources but also the knowledge and technology developed, often with public dollars, which has been built up over  generations….

Economic democracy stands in contrast with neoliberal economics. Neoliberalism privatizes public goods and seeks to commodify everything possible to create profit-centers while cutting public services in the name of austerity.

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