Better for business, better for well-being: 75% of American workers prefer to work in an employee-owned company

Employee ownership offers a solution to the vast income and wealth inequality that is undermining America’s economy. GOOD FOR EMPLOYEES WAGES: Employee owners earn average wages 5 to 12 percent higher than employees in conventional firms. WEALTH: The net worth of employee owners aged 28 to 34 is 92 percent higher than for non-employee owners. RETIREMENT SAVINGS: The average retirement …

Seven principles of a Democratic Economy: community, inclusion, place (keeping wealth local), good work (putting labor before capital), democratized ownership, ethical finance, and sustainability

https://democracycollaborative.org/content/marjorie-kelly-employee-ownership-and-community-wealth Our economy is designed by the 1 percent, for the 1 percent. This book offers a compelling vision of an equitable, ecologically sustainable alternative that meets the essential needs of all people. 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 …

A quarter of American workers are now gig workers. In NYC half of Uber drivers are supporting families with children, 40% are on Medicaid

The gig is up: America’s booming economy is built on hollow promises Robert Reich Contract workers prop up big earners but under Trump’s anti-labor administration are ruthlessly exploited themselves Sun 2 Jun 2019, The Guardian  Uber just filed its first quarterly report as a publicly traded company. Although it lost $1bn, investors may still do well because the losses appear to …

Not 12 years, 1. Why we need a fundamental shift in how we think about the climate crisis: Most of humanity is tightly enmeshed into a globalised, industrialised complex system – that of the technosphere

We have less time than you think to jump-start climate action, By Helen Mountford, May 24, 2019  Helen Mountford is the vice president for climate and economics at World Resources Institute, which works to identify and advance the structural shifts needed to address climate change. She was previously the deputy director of environment for the Organization for Economic Co-operation and Development.  (CNN)On …

Exxon predicted in 1982 exactly how high global carbon emissions would be today. Seas were 75 ft higher last time CO2 levels were this high

World continues to follow high emissions growth pathway that Exxon projected in 1982 SUN SETS ON THE BAO STEEL MILL IN BAOTOU, INNER MONGOLIA, CHINA. BAOTOU, A ONE-INDUSTRY TOWN, IS ALSO NOTORIOUS AS A BIG POLLUTER, MOSTLY FROM THE LARGE BAO STEEL FACTORY. (PHOTO CREDIT: RYAN PYLE/CORBIS VIA GETTY IMAGES) KYLA MANDEL, Climate Progress, MAY 14, 2019, Exxon predicted in 1982 exactly …

Chemical production is set to become the single largest driver of global oil consumption by 2030. Carbon Capture (instead of efficiency and shift off of fossil fuels) in manufacturing would take 55% of the current energy need on the planet

Chemical production is set to become the single largest driver of global oil consumption by 2030. Implementing carbon capture and utilisation (CCU) techniques has the “technical potential” to take the chemical industry carbon neutral, a new study suggests, decoupling chemical production from fossil fuel resources. The researchers developed an “engineering-level model of the global chemical industry” that represents 75% of current …

Colorado’s hospital consolidations cost us more, in a hard situation: About half of Coloradans receive health insurance through their employers. About 35% of the state receives insurance through government programs, and almost 7% of people are uninsured

Colorado is a market that has had lots of hospital consolidation,” he said. “And that’s one thing that’s been linked to higher prices.” How much do you pay for hospital services in Colorado? Likely many times more than what Medicare does.  Colorado hospitals rank among the most expensive in a RAND Corp. study. Hospitals say the numbers are misleading. MAY 13, 2019, Colorado Sun, …

What if Workers Owned Their Workplaces? The cooperative movement is showing that worker-owned businesses can not only survive, but thrive.

May 10, 2019  By Michelle Chen Can good values be good business, too? For generations, the cooperative movement has been answering with a resounding “Yes!” After a surge of entrepreneurial fervor following the 2007 economic collapse, cooperative ventures are even getting a nod from our divided government: In August, Congress passed the Main Street Employee Ownership Act. The measure aims to help …

Will A Green New Deal Save the Climate, or Save Capitalism?

When it came to addressing unemployment, the New Deal made a dent but it was never funded adequately to fix the problem.  During the height of the New Deal unemployment hovered above 15%, and didn’t drop significantly until the war mobilization.  During the height of war mobilization in 1943 FDR spent 30 times more than he did in 1933 for …

right now there is no wider strategy, there is no cross-coordination between groups and sectors to create a more systems-level understanding of the crisis, and therefore enable a more systems-level vision of the solutions.

Our responses are based on demanding change from the ‘Other’. Whether it’s governments, or philanthropy or business — it’s about calling to account everyone other than ourselves. The problem is out there, and we have to shout and glue ourselves to the ground to get Them to listen.  It’s not that we shouldn’t protest or call for institutions to change. But far more …