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COMMUNITY WEALTH BUILDING
BUILDING FROM THE BOTTOM UP

Community wealth building ... CLES - Centre for Local Economic Strategies


Original article: https://www.youtube.com/watch?v=LNVfKpVlyvY&t=52s
Peter Burgess COMMENTARY

Peter Burgess
Community wealth building

CLES - Centre for Local Economic Strategies

Jan 8, 2020

301 subscribers ... 5,036 views ... 37 likes

Our economy is not working well. But there is no shortage of wealth.

The five richest families in the UK own more wealth than the poorest 13 million people.

We need a change.

Community wealth building is that change.

🔗 cles.org.uk/centreofexcellence 🔗

Transcript

[Music]
our economy is not working well for people places or the planet
wages are low and work is insecure
poverty is on the rise
inequality between rich and poor is growing and
our fossil fuel based economy is threatening the planet
but here is no shortage of wealth
the world's eight richest men have as much money as the poorest 50 percent of the planet's population and
in the UK the five richest families are more wealth than the poorest 13 million people
we have a wealth problem where wealth goes who gets it and who creates it shapes our places and our lives
we need a change community wealth
Lordan represents that change
it's about building up our everyday economy
bringing wealth back home to people and communities
whilst caring for the planet
this is common sense economics
it's common sense for an economy to deliver well-being for as many people as possible
it's common sense for wealth to be enjoyed by everyone
it's common sense for an economy to nurture the planet
so how do we build community wealth: number
  1. 1 ... we need to make our local labor market just ... not unfair -
  2. 2 ... we need to change how public institutions spend ... so it grows enterprises and benefits communities
  3. 3 ... we need to make sure that the land and property in our communities generates wealth for the people who live there
  4. 4 ... we need to create an inclusive economy with more democratic and social forms of ownership and
  5. 5 ... finally local financial power and institutions need to work for local places people and the planet
the Center for Local Economic Strategies has helped put these principles into practice working in many places across the UK and with anchor institutions that are rooted in those places
now we have established the Community Wealth Building Center of Excellence to advance this work through policy networks and practice
together we can build this movement and rebuild our local economies
2:15 END

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