An interesting piece in the journal Nonprofit Quarterly delves into the issue of economic inequality in the United States (though it could apply to other developed economies as well). Starting with the assertion that inequality has been increasing steadily for decades, and is now at a levels not seen since the 1920's, the author looks at the failure of traditional solutions (including government regulation and wealth redistribution, and workforce unionisation) before suggesting alternative approaches.
These include initiatives to "democratize" corporate ownership that would put more control in the hands of employees, and the establishment of community banks.
To be certain, the author approaches the topic from a specific political point of view -- he references his experience as a the legislative director for Gaylord Nelson, a liberal Democratic Senator -- but the issues raised are related to the exploration of the economics of mutuality.
Focusing on the needs of the lower economic tiers in the developed world is top of mind in other forums as well this month. Harvard Business Review is running an article by Nobel prize winner and Grameen Bank founder Muhammad Yunus and three professors from HEC Paris that delves into this topic.
We would be interested in your views on the best path to take to address inequality and poverty within our midst.
-- Bruno Roche