Philanthropic investments misaligned with mission, $250M to boost Black business development, and a socialist who could be mayor of Buffalo, NY.

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** Economic Democracy Weekly
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This week, we explore the paradigms—or worldviews—by which we conceive of the economy. Our lead article by Clara Miller shows how our current economic and philanthropic paradigms hobbled responses to the Great Recession. We also have two shorter articles that examine contemporary responses: One looks at a $250-million fund to boost Black-owned economic institutions within the existing system; the other takes us to Buffalo, New York, in which a community land trust director and democratic socialist just defeated a four-term incumbent in the Democratic Party primary race for mayor, part of a larger trend of women of color unseating entrenched Establishment-backed incumbents. Lastly, we feature a short video clip in which co-op scholar and activist Jessica Gordon Nembhard outlines the transformative potential for a different economic paradigm, one rooted in human values of liberation and dignity.

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Trouble in Paradigm: Foundations’ Bargain with the Devil ([link removed])
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Why must philanthropy align assets with mission? The reason is simple: its investments undermine its grantees. Read more... ([link removed])

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Economic Development Fund Seeks to Boost Black Economic Infrastructure ([link removed])

A $250 million fund seeks to boost Black business, banking, real estate, and HBCU capital to reduce the racial wealth gap and expand Black business development. Read more... ([link removed])

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Solidarity Economy Movement Scores Stunning Win in Buffalo’s Mayoral Race ([link removed])
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A community land trust executive director defeats a four-term incumbent, making her likely to become the first big city US democratic socialist mayor in over 60 years. Read more... ([link removed])
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“We Need the High Road”—The Transformative Promise of a Solidarity Economy ([link removed])

In this brief video clip, Dr. Jessica Gordon Nembhard contends we both can and must align work and the economy to sustain core human values of equity and democracy. Watch the clip... ([link removed])

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