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Interesting concept – wondering how this could be part of the toolkit to introduce more competitive local alternatives back into our monopolized market of internet platforms.
“…there may be a way to save local businesses at scale, while also creating a more equitable and democratic economy out of the ashes of the old. States and cities could establish public holding companies that invest and acquire an ownership interest in distressed businesses. These Local Economy Preservation Funds (#LEPF), as we have dubbed them, could then exit their investments in ways that build a more democratic economy when the recovery begins.”
#publicinterest #mutualfunds #neweconomy #stakeholdercapitalism #datasovereignty #cooperatives #peopleoverprofit #smallbusiness #publicprivatepartnerships #localeconomy #platformeconomy https://nextcity.org/daily/entry/local-economy-preservation-funds-plan-local-businesses-create-prosperity
“Instead of focusing on the skills gap, we argue that it’s time to focus on closing the opportunity gap—not only for the benefit of individuals who have been shut out of the labor market, but for society as a whole. Cultivating and investing in diverse talent can unleash regional innovation, economic growth, and community well-being.”
Source: The labor market doesn’t have a ‘skills gap’—it has an opportunity gap
Nadia Eghbal, author of the seminal work Roads and Bridges, came on to talk to us about her new book, Working in Public.
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Quadratic Crowdfunding
Here’s a show for you… Episode 50: Gitcoin, Quadratic Funding, and how Crypto can sustain Open Source Sustain https://open.spotify.com/episode/2EZHPiK3qPJEw9y7WaPFYQ?si=AwXeURLWTOyYySEFSgkY9Q
20:00 – Quadratic Funding
Optimal way of democratically funding public goods
Matching Sponsor funding pools for campaigns based on X
Matching funds based on number of contributors not amount of contributions
Downtownstimulus.com
“As we can see with Stocksy and Loomio, their future is enabled by embracing a more functional role for members as leaders. Members can propose new ways to be served if leadership can trust the process, and members can advance the overall business if leadership includes them in strategy conversations that might feel risky or uncertain.
To get started, credit union and co-op leaders can leverage their existing democratic structure by adding capacity for deeper engagement. This might include a trial program to invite and cultivate proposals from members for special projects, centering them in co-designing products they care about, and partnering with community organizations and industry associations to bring them to market, and the broader movement.”
“Advanced metering infrastructure and other smart systems have dramatically increased the data available to cooperative managers, but without the structure that allows them to make sense of that data, to see what it reveals about their system, it has little value.” #dataviz #coopdev #bizdev #gocoop #systemsdesign
“It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession. Yet the stock market is alive and kicking — in fact, it’s having its best quarter in more than 20 years.”
Source: The economy is falling apart but Wall Street had its best quarter in decades – CNN