Why Public Funds and Shared Leadership Should Lead Social Change
Alternative Approaches to a Just System For All
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Alternative Approaches to a Just System For All
Relying primarily on private donors and investors to drive social change is misguided. While these capital flows fund important work, Modern Monetary Theory shows they are limited by wealth concentration and profit motives in ways that can restrict progress to certain issues or communities. In contrast, public programs and community-led efforts offer an alternative path to more sustainably achieve change by guaranteeing essentials and serving collective needs.
Though MMT recognizes government budgets are not constrained by funds but resources, policy earmarking taxes to fund inclusive programs counters MMT principles. However, it may sell politically by rewarding community power rather than wealth accumulation. Decentralizing funds and leadership to neighborhood bodies could incubate innovative solutions through co-creation and feedback with policy reforms. Case studies reveal investing in public programs and community power achieved more equitable outcomes than private sector reliance. While impact investing or social enterprises have value, profit motives can compromise public interests if conditions change.
A mix of models could address diverse needs, but policy should center collective solutions and shared ownership to advance rights and justice rather than private agendas. With feedback across diverse approaches integrated into policy prioritizing inclusion, social change could progress rights and common good rather than wealth interests. From job guarantees funding service work to participatory budgeting seeding grassroots solutions, collective models strengthening shared power could drive sustainable progress benefiting communities. Rather than wealth determining change, a system securing essentials and amplifying voices wherever possible could empower people to define and achieve an equitable society.
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