Federal Reserve Bank of San Francisco

Community Development

Community Investments Vol 20, Issue 3
Twenty-First Century Ownership: Individual and Community Stakes

Author(s): Hannah Thomas and Thomas M. Shapiro, Heller School for Social Policy and Management, Brandeis University

2008

Community Investments

In the current economic crisis, questions around ownership are at the forefront of policy responses. The banking industry bailout, and the auto industry supplications for a bailout, raise the prospect of a major transformation of the public-market relationship. Yet in much of the debate, the policy conversation seems polarized between the traditional two extremes: public investment on one side, and market oriented private ownership on the other. Quietly though, through practice and experimentation, diverse models of ownership have emerged in communities across the country. These models offer a different basis to building wealth for community development and economic recovery, and a potentially more sustainable and equitable economic system.

Download PDF (pdf, 278.13 kb)

Other articles in this issue