Dan McGrath asked about what I meant by "economic democracy" in Minneapolis.
Here's a reply, with two hot local links...skip to the links if
time-challenged...



Here's a working definition of economic democracy:  "we are all created
equal as stakeholders in the future, and have a right to shape our economic
environment, institutions, and systems to reflect this equality."



Minneapolis businesswoman and author Marjorie Kelly wrote "The Divine Right
of Capital: Dethroning the Corporate Aristocracy."  She notes that our
Constitution originally referred only to "rich, white men."  With much
bloodshed and suffering, we have managed to make the US Constitution apply
somewhat to women and to people of color.  We have not addressed the
aristocracy of wealth, which destroys democracy -- on a local scale, as well
as on a national and global scale.



Here are two links to local groups working for economic democracy:



http://c4cr.org/     Citizens for Corporate Reform has bills under
consideration in the MN State House and Senate to make the "Code for
Corporate Responsibility" into law.  National, coordinated efforts are also
underway.  If the code were to pass, corporate leaders would be legally
bound to stop externalizing costs of their business onto our shared
environment and onto people.



Currently, corporate officers are *legally bound* to externalize all costs
onto workers, government, and the environment, even if that means breaking
the law.  Corporations often intentionally break the law - even commit
felonies - writing off fines as a "cost of doing business" and walking a way
with a tidy profit.  In starkest local terms, corporations are legally bound
to economically rape Minneapolis - to extract as much wealth from our
workers and local resources as possible, at the lowest possible cost to the
"corporation."



http://www.ncdf.org/     Northcountry Cooperative Development Fund is a
Minneapolis-based investment group specializing in development of
cooperative corporations with democratic member control and economic
participation, local autonomy, and concern for local community and
environment.



With over $8 million in capital and over 100 member cooperatives in 11
states, NCDF is growing "economic democracy" throughout the region.



This is just a start. There are more resources, of course.  As
well-intentioned as local political and corporate leaders might be, they
will never be able to work for "we the people" or to bring "economic
democracy" (without which "political democracy" is dying) unless we create
economic laws and institutions which empower "we the people" and our leaders
to make decisions based on democratic principle.



n      pedaling off to tilt at windmills and earn a living..from
Kingfield..Gary Hoover

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