We Need a New Economy
East End Food Coop is one small piece of the ‘new economy’
By Molly Rush
March 17, 2014 – More and more people have come to distrust our economic system. Low wages, job insecurity, underemployment and loss of pensions stress the social fabric. Compounding the effects on our communities is a growing distrust of a political system driven by the power of major financial donors to candidates and officeholders.
The billionaire Koch brothers, for instance, not only have a war chest of $400 million for targeted campaign contributions, but they also manipulate public discourse by underwriting so-called think tanks that justify legislation benefiting Koch investments in extractive industries, petrochemicals and poisonous pesticides.
The Koch brothers are just one powerful vested interest bent on confusing the public about complex political and social challenges. Add the power of banks and mega-corporations to stack the deck against small businesses and families, and you have a collision between the public good and an unsustainable economy. It is no wonder that so many people feel overwhelmed and discouraged.
“What Is to Be Done?”
That is the title of a book by political economist Gar Alperovitz. He is behind what is being called the New Economy, which is taking root around the United States and right here in Western Pennsylvania.
The idea is to develop an economy that gives people a decent livelihood in a thriving community. We already have the makings of a new economy here in Western Pennsylvania due to some creative initiatives now underway.