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Economic Democracy Weekly

Welcome to our latest Economic Democracy Weekly! Back in the early 1980s, Oingo Boingo sang, “There’s nothing wrong with capitalism/There’s nothing wrong with free enterprise,” but these days even students at Harvard Business School would beg to differ. Today, an Economy Remix article looks at some of the ideas about capitalism that surfaced at a recent conference organized by Harvard business and public policy graduate students. This week, we also offer an account of a comprehensive economic development playbook strategy to promote racial equity being advanced by racial justice advocates in the Minnesota statehouse and a primer for nonprofits that may be considering taking on foundation support in the form of Program-Related Investment (PRI) loans. Lastly, we bring you a policy story that looks at President Biden’s infrastructure bill, and examines how corporate tax loopholes helped create the nation’s enormous infrastructure gap in the first place.
Economy Remix
“Capitalism Is Over!” Mural by Megan Wilson, photo by Steve Rotman


Harvard Conference Searches for a Better Capitalism


Last month, leading economic thinkers at Harvard explored the possibilities of forging a kinder, gentler capitalism in a post-COVID world. Read more...
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Features
“Brandon Williams, George Floyd’s nephew, outside the Hennepin County Government Center in Minneapolis, Minnesota,” Lorie Shaull


Eliminating Racial Disparities with Wealth-Building Infrastructure


To effectively reduce racial disparities, the billions flowing through the state, cities, and towns across Minnesota need to be invested in wealth-building infrastructure. Read more...
“no yes maybe,” Sean Salmon


How PRIs Work: A Basic Primer for Nonprofits


Program-related investments are not new, but many still shy away from them. Here are some basic steps you can take to figure out whether and how to use this vital tool. Read more...
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Policy
“Barbican Loophole,” Nick Richards
Pressure to Tax Corporations Rises as Infrastructure Gaps Come into Full View

One question asked too little in the infrastructure debate: How did US infrastructure needs become so vast to begin with? One factor: Corporate tax loopholes. Read more...

 
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