Monday, January 25, 2016

Community wealth: Seven strikes and Break Wind's out.

That embarrassing moment when you realize ...

7 Paths to Development That Bring Neighborhoods Wealth, Not Gentrification, by Marjorie Kelly and Sarah McKinley (Yes! Magazine)

In cities across the nation, a few enjoy rising affluence while many struggle to get by.

An August 2015 study by The Century Foundation reported that—after a dramatic decline in concentrated poverty between 1990 and 2000—poverty has since reconcentrated. Nationwide, the number of people living in high-poverty ghettos and slums has nearly doubled since 2000. This situation is created in part by the practices of traditional economic development, which prioritize corporate subsidy after corporate subsidy over the needs of the local economy. Current trends threaten to worsen, unless we can answer the design challenge before us.

Can we create an economic system—beginning at the local level—that builds the wealth and prosperity of everyone?

 ... that in New Albany, we're nowhere close to any of these seven paths, because ...

1. Place
2. Ownership
3. Multipliers
4. Collaboration
5. Inclusion
6. Workforce
7. System

 ... taking them -- even considering such directional heresies -- would devolve control away from the big fish in their little ponds. Still, the article is recommended. They have their Disney fetish, and I have hopeful things like this.

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