Buy a copy of The Making Of A Democratic Economy or a $15 gift card in-store to attend. The event will take place in the Rare Book Room, on the 3rd floor of the Strand, also accessible next door at 826 Broadway.
Doors open 30 minutes before the start of the event.
We live in a world where twenty-six billionaires own as much wealth as half the planet's population. The extractive economy we live with now enables the financial elite to squeeze out maximum gain for themselves, heedless of damage to people or planet. But Marjorie Kelly and Ted Howard show that there is a new economy emerging focused on helping everyone thrive while respecting planetary boundaries.
At a time when competing political visions are at stake the world over, this book urges a move beyond tinkering at the margins to address the systemic crisis of our economy. Kelly and Howard outline seven principles of what they call a Democratic Economy: community, inclusion, place (keeping wealth local), good work (putting labor before capital), democratized ownership, ethical finance, and sustainability. Each principle is paired with a place putting it into practice: Pine Ridge, Preston, Portland, Cleveland, and more.
This book tells stories not just of activists and grassroots leaders but of the unexpected accomplices of the Democratic Economy. Seeds of a future beyond corporate capitalism and state socialism are being planted in hospital procurement departments, pension fund offices, and even company boardrooms.
The road to a system grounded in community, democracy, and justice remains uncertain. Kelly and Howard help us understand we make this road as we walk it by taking a first step together beyond isolation and despair.
Join us in the Rare Book Room as Ted and Marjorie share their work.
Ted Howard is the Co-founder and President of The Democracy Collaborative, an international research and development lab for the democratic economy. Previously, he served as the Executive Director of the National Center for Economic Alternatives. In July 2010, Ted was appointed the Steven Minter Senior Fellow for Social Justice at The Cleveland Foundation, a position he held for four years. Working with the Foundation, he was a member of a team that developed the comprehensive community wealth building strategy which resulted in the Evergreen Cooperatives, a pathbreaking experiment in inclusive local economic development that leverages the purchasing power of local “anchor institutions” like hospitals and universities to foster democratic ownership of industry benefiting some of the city’s most excluded and marginalized communities.
Marjorie Kelly is the Senior Fellow and Executive Vice President of The Democracy Collaborative, where she is the cofounder of Fifty by Fifty, a network initiative to catalyze 50 million employee owners by 2050. For her research on the role of capital in taking employee ownership to scale, she was named the Robert J. Beyster Research Fellow by Rutgers University. Her other work at TDC has included working with community foundations on place-based impact investing, and leading the Learning/Action Lab for Community Wealth Building, a five-year project working with Native American organizations to build wealth in Indigenous communities. She was co-founder and for 20 years president of Business Ethics magazine, and is the author of Owning Our Future: The Emerging Ownership Revolution (2012) and The Divine Right of Capital (2001).