Instead of just battling the big banks, activists are working to strengthen a diverse alternative financial system that pursues social goals and offers affordable lending, but that currently remains undercapitalized, and in the case of credit unions serving low-income communities, is even shrinking.
Conversions are potentially so important for several reasons. Most broadly, there is a tremendous potential with such a large number of “baby boomer” business owners retiring in the coming years and decades. What will they do with their businesses? With conversions we have a huge opportunity to save businesses and jobs that might otherwise be lost if the retiring owner closes the doors or sells the business.
SolidarityNYC's animated short explains what the solidarity economy framework is and how housing co-ops and community land trusts, worker co-ops, community supported agriculture, and credit unions help to meet everyone's needs within it.
Whenever possible at SMC, we like to measure how we’re doing...our financial progress, our work backlog, our internal social factors, our longer-term future, in design and project planning, And, of course, building is a process of constant measurement.
Mervyn Wilson looks back at how Nelson Mandela and the struggle against apartheid shaped the cooperative movement in the UK
"As the world mourns the passing of a man whose life was dedicated to the type of inclusive society co-operators would describe as “the co-operative commonwealth”, it is worth reflecting on the impact that he and the struggle against apartheid had on the co-operative sector."
The problem of informality represents one of the major challenges in the fight against poverty. To address this issue, the traditional response has often been to apply Western entrepreneurial rationality to informal actors and consider small informal productive units as pre-capitalist firms whose growth potential can be realized, it is supposed, by providing them with adequate tools such as credit or training. But do informal initiatives really share the capitalist spirit of entrepreneurship or do they develop other rationales, such as the ones which spread in a "solidarity economy"?
Chris Agee is loading boxes of food and drink products on to a conveyor belt down in the basement of a grocery store in Brooklyn, New York.
One floor above him, shoppers push trolleys up and down the aisles, picking up their weekly groceries.
The objective of this conference is to promote and support the development of Cooperative Enterprises and Development in the City of Jackson, MS.