Neighborhood Economics: Crafting an Economy of Care Beyond Corporate Greed

The Mindful Marketplace with Joel Skene

Discover a future where wealth doesn't rule, but serves all of society. That's the world Marjorie Kelly, the insightful author of "Wealth Supremacy," envisions as she joins us to dissect the roots of economic inequality and the extractive economy. Through her transformation from a proponent of socially responsible business to a critic of wealth-centric systems, Kelly sheds light on how private equity and corporate greed fuel a destructive cycle of profit maximization, neglecting the welfare of our planet and its inhabitants.
Embark on an intellectual odyssey as we navigate the perilous waters of wealth's impact on our natural resources, with a focus on the commodification of water rights by hedge funds. Kelly's compelling narrative, reinforced by mindfulness principles, challenges our acceptance of a 'hungrier-is-better' economy, drawing parallels to the Buddhist 'hungry ghost' as a metaphor for our endless craving for more. The discussion broadens to question the cultural and ideological underpinnings that sustain greed as an economic necessity, urging a critical reassessment of the myth that maximizing profit is the paramount goal of business.
Uplifting in tone, the episode culminates with a foray into the realm of democratic and worker-owned business models that hold promise for a more equitable distribution of wealth. We celebrate entities like the Democracy Collaborative and Cooperative Home Care Associates, who are pioneering the charge toward an economy where democracy, equity, and sustainability are not just buzzwords, but the bedrock of business success. Listen in to grasp how these transformative models not only challenge the status quo but pave the path to a future where thriving economically is a reality for everyone.
https://marjoriekelly.org/
https://democracycollaborative.org/marjorie-kelly

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1. Wealth Supremacy's Impact on Society (00:00:00)

2. Financialization's Impact on Environment and Society (00:07:53)

3. Capitalism's Maximizing Myth and Perils (00:13:36)

4. The Dangers of Profit Maximization (00:22:12)

5. Exploring Democratic and Worker-Owned Business Models (00:29:29)

6. Economic Impact and Risk Mitigation (00:46:19)