Comments by "Wandering Existence" (@WanderingExistence) on "ABC News"
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“Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God’s children.”
– MLK, Speech to the Negro American Labor Council, 1961.
“We must recognize that we can’t solve our problem now until there is a radical redistribution of economic and political power… this means a revolution of values and other things. We must see now that the evils of racism, economic exploitation and militarism are all tied together… you can’t really get rid of one without getting rid of the others… the whole structure of American life must be changed. America is a hypocritical nation and [we] must put [our] own house in order.”
- MLK, Report to SCLC Staff, May 1967.
“The evils of capitalism are as real as the evils of militarism and evils of racism.”
– MLK, Speech to SCLC Board, March 30, 1967.
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“Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God’s children.”
– MLK, Speech to the Negro American Labor Council, 1961.
“We must recognize that we can’t solve our problem now until there is a radical redistribution of economic and political power… this means a revolution of values and other things. We must see now that the evils of racism, economic exploitation and militarism are all tied together… you can’t really get rid of one without getting rid of the others… the whole structure of American life must be changed. America is a hypocritical nation and [we] must put [our] own house in order.”
- MLK, Report to SCLC Staff, May 1967.
“The evils of capitalism are as real as the evils of militarism and evils of racism.”
– MLK, Speech to SCLC Board, March 30, 1967.
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@phoenixblanco3892 Why do you assume my only policy actions are taxes and build a larger welfare state? I'm tired of those ideas... We need a system that doesn't redistribute but rather distributes in a more fair way.
Personally, I've been interested in two grassroots groups called the Next System Project and the Democracy Collaborative. They have devised a way to keep production local for key anchor institutions and contract service to cooperatives. They have helped multiple cities struggling with job loss due to factory closures build back their communities, in the US and UK. In addition, trade unions, collectives, public banks, credit unions, community land trusts, CSA's, and many other democratically controlled institutions can work together to create democratic networks outside the market to create an economy that doesn't reduce people, their governments, and the environment to a monetary value. I think this can be a viable strategy to give people the autonomy over their work. I believe economic democracy is the only way people who work for the economy will have the economy work for them, their families, and the planet too.
This way of revitalizing communities by building community wealth has helped many communities all over the globe, and it is utilized by the UK labor party and touted by Jeremy Corbyn. Preston, Lancashire became the most improved city in the UK because of community wealth building. Not to mention, much of the progress in labor rights has been due to union's collective power. The thing that draws my conviction to the movement is that I can see it now, helping empower people to live happier, healthier, and wealthier lives.
Please, don't presume upon my ideas
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@waynehand4600 Except it's already started happening across the different cities. Community wealth building is a grassroots way of building a democratic economy... And it has actually helped improved people's lives- Preston, Lancashire was awarded the most improved city in the UK. These are examples from the democracy collaborative;
"For example, in Cleveland, Ohio, the Cleveland Foundation – in collaboration with local institutions and community groups – partnered with TDC to develop progressive procurement strategies, to create the Evergreen Cooperatives, a network of green industrial enterprises that supply goods and services to large local anchor institutions like the Cleveland Clinic and Case Western University. Evergreen is owned by its employees, the vast majority of whom are Black, many returning citizens, and live in nearby historically underserved and under-resourced neighborhoods.
In Preston, England a Community Wealth Building strategy was deployed after a revitalization plan with an international development firm failed in the wake of the 2008 financial crisis. The city started with a progressive procurement strategy and expanded to integrate strategies within in all pillars with in the wedge to redirect wealth and reshape the economy. Preston has seen £70 million of anchor institution spend returned to the community and 4,500 jobs created. Once listed as one of the most deprived urban areas in England, Preston rated as PricewaterhouseCooper (PwC)’s most improved city in 2018 and 2019 and the “Best Place To Live” in the north of England. Other municipalities across the United Kingdom have taken note, working to replicate Preston’s strategy and tactics.
In Scotland, UK, we are seeing a whole nation approach to CWB, where a Scottish variant of the wedge is embedded in the national economic plan, all 32 local municipalities within the country are developing bespoke CWB action plans, and there is now a Minister for Community Wealth within the Scottish government. National legislation is now being developed to strengthen the legal basis for CWB as a key element of economic system transformation.
And the movement is growing! In Chicago, Illinois, in the wake of COVID-19, the City’s Office of Equity and Racial Justice (OERJ) identified CWB as a key means for delivering inclusive development. TDC has advised the OERJ team with key recommendations to embed Community Wealth Building throughout city agencies; partner more closely with key “anchor institutions,” including local universities and hospitals, on jobs programs; and create community investment vehicles to bring access to credit and finance to under-served communities, among other goals. TDC is also working with other local governments to develop key recommendations for CWB action, including Somerville, MA; Meadville, PA; and Alameda County, CA."
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@denvan3143 Lol, I never said I was the greatest investor. Besides, If we take your questions seriously and not just as a troll (lmao), Warren Buffett is an investor, Elon musk is an entrepreneur, there is a difference not only in job tasks but sweat equity stake can be larger and exponential growth is larger from an earlier starting point. Elon musk and Buffett have received government subsidies much larger than all the tax refunds I've ever seen.
Kind of ironic that you're talking down to me since we're probably in the same boat of the 90% who don't own a lot of stock- More than 80% of the stock market is owned by the top 10% of the wealthy. With that type of inequality it's just a statistical probability that I'm not going to be born into the privileges that bolster the richest 10%. These are billionaires that buy out your politicians behind closed doors, reducing democracy and fostering an oligarchy of corporate interests.
If you're defending somebody just based on how much wealth they have, that's a pretty hollow argument, a lot of wealth has been attained in very unethical ways. Elon's done great things by making electric cars sexy, ironic that GM killed the EV-1 and now wants to be the number one seller of EVs, smh. But we all know Elon brought it back (with some government loans). But I also know that capitalism concentrates wealth and distorts political systems.... So a show of incomprehensible wealth is not necessarily a flex to me, but more a sign of a systemic social problem.
If you hate democracy then I guess cheer on the billionaire in a country of Citizens United PACs and Dark Pools, That will sure make YOUR VOICE heard. Stand up for yourself, not billionaires.
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