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Distributed Capitalism - A Scientific Validation for "Going Local"

Distributed Capitalism - A Scientific Validation for "Going Local"

With Western capitalist economies struggling to address the growing inequity among citizen constituencies, talk of capitalism itself as an unfair distributor of wealth has taken center stage among economists, academics and politicians alike. Thomas Piketty's run-away best seller Capitalism in the Twenty First Century, as well as the international Occupy and public banking movements, all address the symptoms of the problem is multiple ways. One thing is certain, the discussion has been fully joined.

Among the voices of new thinking about economic models is the Pennsylvania Project's own Executive Director Frank Nuessle, who is Adjunct Faculty at the University of PA in the study of sustainability and organizational dynamics. In his recently published new paper, Frank addresses the need for new economic operating systems that draw on locally-focused resources and networks.

Here is his latest work: "Distributed Capitalism - A Scientific Validation for "Going Local"

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Public Banks and Public Rail: Expanding Green Public Transit in New Jersey

To fund this and other public transportation initiatives (and a plethora of other public services), New Jersey could establish a public bank. Using money the state already has, a public infrastructure or development bank could issue bonds, support public-private initiatives, and lend to state and local entities at very low interest rates. In this way, a public bank could fund the entire endeavor–modernization, expansion, and greening of public rail transportation–without raising taxes or taking money from other state programs.

Read entire article here.

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A Potential Foreclosure Crisis Looms Over America

Local governments, however, could resort to tactics such as eminent domain if the federal government won't do anything.

Read the entire article here.

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Mayor wants to study possibility of launching public bank

Mayor Javier Gonzales wants to study the feasibility of creating a public bank in Santa Fe to grow the local economy by keeping taxpayer money in the city.

Gonzales, who talked about the idea on the campaign trail, organized a presentation Tuesday for city councilors and others to understand the basics of public banking, which leverages a government's assets to stimulate investment in the community. Examples of public banking include offering low-interest loans to local businesses or low-cost financing for public projects, such as housing and infrastructure.

Read entire article here.

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Posted by on in National News
Goldman Sachs: Too big to rein in?

On June 11, Goldman Sachs agreed to pay $67m to settle a suit charging the firm and others with colluding to drive down the price of takeovers.

For another firm, paying out tens of millions of dollars to resolve allegations of collusion might provoke an existential crisis. Not for Goldman. The firm did not admit to any wrongdoing and said in a statement: "We're pleased to put the matter behind us."

Read the entire article here.

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