In his latest book What Then Must We Do, Gar Alperovitz sets out the practical and demonstrable strategies for overturning the current economic system and creating one which democratises the ownership of wealth. His specific ingredients are: The use of city, school, hospital, university and other purchasing power to help stabilise jobs in a manner that both is anchored and democratised in terms of ownership and also benefits (and improves the economy of) low income neighbourhoods and local small and medium sized businesses. Precedents include the kinds of things now happening or being explored in Cleveland, Pittsburgh, Atlanta, Washington DC and many other cities – and especially the use of public and quasi-public (nonprofit hospitals and universities) contracts to add leverage to the effort. The use of public and quasi public land trusts (both for housing and also for commercial development) to capture development profits for community use and to … (To read the full article, subscribe below)