Source: Rushkoff, Survival of the Richest
“This is how bounded economics works. You don’t outsource your investments to the stock market. You invest in things that come back to you or your community in multiple ways.”
- “Keep resources and revenue recirculating through the community, and accessible to the working class. Leverage the power of mutual aid to lift up one member of the community at a time, each according to their need. Maintain independence from big employers and disinterested investors by owning businesses cooperatively with other workers.”
- EG: “I told the story of how a steelworkers union applied the principles of “bounded economics” to their own retirement funds. Instead of investing them in the stock market, they began investing in construction projects that hired union steelworkers. They created jobs for themselves with their assets, which also generated returns. This worked so well that they took things a step further and invested in senior housing projects for retiring steelworkers and their parents—essentially getting three forms of return on the same investment.”