Community is Central to Building a Post-Neoliberal Future

Date: 22 Dec 2022 | posted in: Retail | 0 Facebooktwitterredditmail

Evidence is mounting that “neoliberalism” — the paradigm that has long dominated policymaking and brought us runaway corporate consolidation and globalization — is losing its hold. A recent conference hosted by Columbia Law School and the Financial Times, “Rethinking Globalization, Intermediation, and Efficiency,” gathered academics, journalists, and others to explore the elements of a new paradigm. 

Creating strong local communities should be the guiding principle of a new approach, ILSR Co-Director Stacy Mitchell argued as part of a panel discussion at the event. “Community is a deeply held biological and spiritual need,” she noted. “Neoliberalism has actively demeaned and destroyed communities as self-conscious and self-governing places. It has stripped places of their economic and political power and rendered them subservient to distant entities,” namely powerful corporations. 

A new framework for how we govern the economy should see “communities as the building blocks of democracy,” she said. “If neoliberalism turned people into subjects,” a new approach “should look to create the kinds of communities that cultivate people’s capacity to be citizens.” This means building a more localized economy that vests power and responsibility at the community level. 

Watch the event here.

Stacy spoke as part of a panel that included Zephyr Teachout of Fordham Law School, Ganesh Sitaraman of Vanderbilt Law School, and Lori Wallach of the American Economic Liberties Project. That panel starts at 4:46:03:00. A full run of show can be found here.

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Follow Luke Gannon:
Luke Gannon

Luke Gannon is the Research and Communications Associate for the Independent Business team.

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Follow Stacy Mitchell:
Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance and directs its Independent Business Initiative, which produces research and designs policy to counter concentrated corporate power and strengthen local economies.