Inspiring: Reimagining the Economy News Articles
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Food forest projects have been taking root in multiple U.S. cities. In Atlanta, Boston, Denver, Philadelphia, Seattle and elsewhere, groups have partnered with local communities to cultivate layers of edible plants on public parkland, in empty lots and along roadsides. Their champions say that in addition to food, these forests offer a host of climate and environmental benefits. “It’s the most hopeful form of land management that I’ve heard about,” said Lincoln Smith, founder of Forested, a 10-acre experimental forest garden in Bowie, Maryland. Just down the road from a private golf course, beyond a gate made of rough-hewn branches and chicken wire, lies a dense thicket of trees. A rustic fence, obscured by greenery, keeps deer from gorging on the smorgasbord of nuts, berries, and other fruits and edible plants growing in Smith’s forest garden. The food forest’s benefits can also be gauged by the number of nonhuman visitors. Small butterflies and moths fluttered among the greenery, while birds chirped from inside thick treetops. Bumblebees and honeybees swarmed an anise hyssop, crawling all over the plant’s lavender stalks. Beyond increasing people’s access to fresh food and nature, and serving as wildlife habitats, these forest ecosystems can sequester carbon and help improve water quality. “You can see photos of this place from when it was a cornfield and know that runoff has been drastically reduced and carbon is being accumulated in the soil,” Smith said.
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Parents with small children, teenagers, and senior citizens clustered outside the door and waited to hear their ticket numbers called. They weren’t there for books. They came to shop for groceries. Connected to the [Enoch Pratt Library], the brightly painted market space is small but doesn’t feel cramped. Massive windows drench it in sunshine. In a previous life, it was a café. Now, shelves, tables, counters, and a refrigerator are spread out across the room, holding a mix of produce and shelf-stable goods. On any given day, there’s a range of produce, like collard greens, apples, onions, radishes, potatoes, and cherry tomatoes, plus eggs, orange juice, rice, bread, and treats like cookies and peanut butter crackers. As they exited, shoppers did not need to pull out their wallets: No one pays at Pratt Free Market. Launched in the fall of 2024, Pratt Free Market opens its doors every Wednesday and Friday and serves around 200 people per day. Anyone can pick up food at the store without providing identification or meeting income requirements. For Baltimore residents, 28 percent reported experiencing food insecurity last year—twice the national average. Pratt Free Market ... offers a mix of everything—from healthy, fresh produce to sweets. And every fourth Friday, the marker turns into “Pantry on the Go!”, a farmers’ market-style setup outside the library that offers fruits and vegetables. Last month ... they handed out onions, sweet potatoes, watermelons, celery, and apples.
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Community currencies — alternative forms of money sometimes also referred to as local or regional currencies — are as diverse as the communities they serve, from grassroots time-banking and mutual credit schemes to blockchain-based Community Inclusion Currencies. Local currencies were common until the 19th century, when the newly emerging nation states transitioned to a centralized system of government-issued money as a way of consolidating their power and stabilizing the economy. Far from being a neutral system of exchange, a currency is a tool to achieve certain goals. Inequality and unsustainability are baked into our monetary system, which is based on debt and interest with practically all the money ... being created by private banks when issuing loans. Well-designed community currencies eliminate two main sources of financial inequality: money’s perceived inherent value and the interest rates, which both incentivize people to hoard their money. Like the pipes that bring water to your house, money is the conduit that gives you access to goods and services. The value of money is created in the transaction. In 2015 it was estimated that almost 400 of them are active in Spain alone, and across Africa blockchain-backed systems, like the Sarafu in Kenya, help underserved communities do business without conventional money. Elsewhere, local currencies like the Brixton pound in the U.K. or BerkShares in Massachusetts are a way to keep money in the community, buffering it against the pressures of a globalized economy.
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In 2015, [Jo] Nemeth had quit her community development job, given the last of her money to her 18-year-old daughter Amy and closed her bank account. “I was 46, I had a good job and a partner I loved, but I was deeply unhappy,” Nemeth says. “I’d been feeling this growing despair about the economic system we live in.” Her “lightbulb moment” came when her parents ... gave her a book about people with alternative lifestyles. “When I read about this guy choosing to live without money, I thought, ‘Oh my God, I have to do that!’” The first thing Nemeth did was write a list of her needs. "I discovered I really didn’t need much to be comfortable. Then I just started ... figuring out how I could meet my needs without having any negative impacts.” For the first three years, Nemeth lived on a friend’s farm, where she built a small shack from discarded building materials before doing some housesitting and living off-grid for a year in a “little blue wagon” in another friend’s back yard. Instead of paying rent, Nemeth cooks, cleans, manages the veggie garden and makes items such as soap, washing powder and fermented foods. And she couldn’t be happier. She soon started tapping into the “gift economy” more deeply, giving without expecting anything in return, receiving without any sense of obligation. “That second part took a while to get used to,” she says. “It’s very different to bartering or trading, which involves thinking in a monetary, transactional way: I’ll give you this if you give me that. I actually feel more secure than I did when I was earning money,” she says, “because all through human history, true security has always come from living in community and I have time now to build that ‘social currency’. To help people out, care for sick friends or their children, help in their gardens. That’s one of the big benefits of living without money.”
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Cryptocurrencies represent the marriage of decentralized networks (what we commonly know as the internet today) and assets like money. [Cryptocurrency] uniquely enables new solutions to otherwise intractable technological and social problems. Users often lose control over their personal information online, either all at once through platform hacks or bit-by-bit in the opaque world of online advertising and data brokers. A major issue is that the business model of big tech firms is advertising, creating an incentive to aggregate data into a single database, creating a “honeypot” for hackers. Blockchains can enable a new form of digital identity document for the web. Using these credentials, users can authenticate for services without having to divulge as much personal information. Traditional payment systems are often slow, costly and inaccessible to many. Cryptocurrencies backed by real-world currencies, dubbed “stablecoins,” provide an efficient alternative for global transactions. In 2023, stablecoins accounted for $4.5 trillion of crypto transaction volume on blockchain networks. Even digital payments giant PayPal announced the launch of its stablecoin earlier this year. Traditional humanitarian aid often suffers from inefficiency, lack of transparency and corruption, undermining its effectiveness and trustworthiness. Blockchain offers a solution by providing a transparent, traceable and secure system for humanitarian aid. A recent UN pilot [provided] aid directly to families affected by the war between Russia and Ukraine. The entertainment industry is famously concentrated, causing writers and actors to recently go on strike ... demanding better pay and new contract clauses. Blockchain technology enables more democratic digital economies through non-fungible token (NFTs) marketplaces like Zora, and decentralized autonomous organizations (DAOs) like CreatorDAO, allowing creators and artists to take advantage of online marketplaces and earn fair compensation for their contributions.
Note: Watch our latest video on the potential for blockchain to fix government waste and restore financial freedom. Explore more positive stories like this on technology for good.
Look at the modus operandi of today’s internet giants — such as Google, Facebook, Twitter, Uber, or Airbnb — and you’ll notice they have one thing in common: They rely on the contributions of users as a means to generate value within their own platforms. All of the profits are captured by the large intermediaries who operate the platforms. Recently, a new technology has emerged that could change this imbalance. Blockchain facilitates the exchange of value in a secure and decentralized manner, without the need for an intermediary. With a blockchain, software applications no longer need to be deployed on a centralized server: They can be run on a peer-to-peer network that is not controlled by any single party. These blockchain-based applications can be used to coordinate the activities of a large number of individuals, who can organize themselves without the help of a third party. Blockchain technology is ultimately a means for individuals to coordinate common activities, to interact directly with one another, and to govern themselves in a more secure and decentralized manner. New forms of organizations ... which have no director or CEO, or any sort of hierarchical structure — are administered, collectively, by all individuals interacting on a blockchain. And since there is no intermediary operator, the value produced within these platforms can be more equally redistributed among those who have contributed to the value creation.
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The blockchain is a revolution that builds on another technical revolution so old that only the more experienced among us remember it: the invention of the database. IBM’s database model stood unchanged until about 10 years ago, when the blockchain came into this conservative space with a radical new proposition: What if your database worked like a network — a network that’s shared with everybody in the world, where anyone and anything can connect to it? Blockchain experts call this “decentralization.” Decentralization offers the promise of nearly friction-free cooperation between members of complex networks that can add value to each other by enabling collaboration without central authorities and middle men. In a world without middle men, things get more efficient in unexpected ways. A 1% transaction fee may not seem like much, but down a 15-step supply chain, it adds up. These kinds of little frictions add just enough drag on the global economy that we’re forced to stick with short supply chains and deals done by the container load, because it’s simply too inefficient to have more links in the supply chain and to work with smaller transactions. The decentralization that blockchain provides would change that, which could have huge possible impacts for economies in the developing world. Any transformation which helps small businesses compete with giants will have major global effects.
Note: This article is also available here. Watch our 13 minute video on the promise of blockchain technology. Explore more positive stories like this on reimagining the economy and technology for good.
"Welcome to the Blockchain! Your voice is worth something," states a webpage of Steemit, the social network built on a blockchain that's now exploding with popularity. Steemit ... supports community building and social interaction through cryptocurrency rewards and a reputation or influence-based system, known as Steem Dollars and Steem Power. Ned Scott, CEO and co-founder of Steemit, told IBTimes: "If you think about the existing models - Facebook, Twitter, Instagram - these are platforms that invite people to come and do all this work so that their shareholders, who are not necessarily contributors make all this money. "Our platform is a cooperative version of a social network which is more intuitive, and a more shared, community-driven approach, and that's why our early user base is growing. We are completely open source." Steemit grew out of a long process set in motion by gifted developer and co-founder, Daniel Larimer. It evolved from the idea of a decentralised exchange ... to a later exploration of blockchain-based mutual aid and micro-insurance, with a forum added for users to interact and compare notes. It does away with traditional cryptocurrency barriers to entry, like having to go and buy coins at an exchange. Scott said everyone is rewarded one way or another. People who post content actually get rewarded [with Steem, a currency whose value] is split between tradability and reputation. Steem is currently the third most valuable cryptocurrency in the world.
Note: Unlike other social media platforms such as Facebook, Steemit is technically impossible to censor and is owned by everyone that uses it. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Libraries arent just for books, or even e-books, anymore. In Sacramento, where people can check out sewing machines, ukuleles, GoPro cameras and board games, the new service is called the Library of Things. Services like the Library of Things and the Stuff-brary in Mesa, outside Phoenix, are part of a broad cultural shift in which libraries increasingly view themselves as hands-on creative hubs, places where people can learn new crafts and experiment with technology like 3-D printers. Last year, the Free Library of Philadelphia pulled together city, state and private funds to open a teaching kitchen, which is meant to teach math and literacy through recipes and to address childhood obesity. It has a 36-seat classroom and a flat-screen TV for close-ups of chefs preparing healthy dishes. Libraries are looking for ways to become more active places, said Kate McCaffrey of the Northern Onondaga Public Library, outside Syracuse, which lends out its garden plots and offers classes on horticulture. People are looking for places to learn, to do and to be with other people. The Ann Arbor District Library has been adding to its voluminous collection of circulating science equipment. It offers telescopes, portable digital microscopes and backyard bird cameras, among other things - items that many patrons cannot afford to buy. In Sacramento, each item in the Library of Things bears a bar code, since the Dewey Decimal System was not intended for sewing machines or ukuleles.
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Four years after the country let its debt-ridden banks fail, and as the country's growth looks set to far outpace the eurozone, [Iceland's president Olafur Ragnar Grimsson] said the decision not to save the banks was "the most difficult I ever had to make," but maintained it was the right one. "Allowing the banks to fail is one of the fundamental reasons Iceland is now in a strong recovery with respect to other European countries," he said. Now, according to Grimsson, "Iceland is better placed to benefit by maintaining our present position, rather than to let the EU speak on our behalf." The 69-year-old president pointed to Norway and Greenland -- two other Arctic economies and non-European Union members -- as role models. However, Grimsson said he was not sure whether Iceland's strategy with its banks could have been replicated by other countries with similar problems, such as Ireland. "Being part of the eurozone, they couldn't devalue their currency. But they could have adopted our policy with respect to the banks," he said. The Icelandic krona fell sharply as a result of the financial collapse, helping the country recover by increasing demand for exports. "There are still scars," Grimsson said, "but on the whole, the will of the Icelandic people has enabled us to recover and move confidently towards the future."
Note: Watch a great video interview of Iceland's president discussing this matter. Iceland has gone through tremendous transformation that has greatly supported both the people and the economy of this nation. Why is this getting so little press coverage?
Soon after giving birth to a daughter two months premature, Terri Logan received a bill from the hospital. She recoiled from the string of numbers separated by commas. Then a few months ago Logan received some bright yellow envelopes in the mail. They were from a nonprofit group [RIP Medical Debt] telling her it had bought and then forgiven all those past medical bills. The nonprofit has boomed during the pandemic, freeing patients of medical debt, thousands of people at a time. Its novel approach involves buying bundles of delinquent hospital bills – debts incurred by low-income patients like Logan – and then simply erasing the obligation to repay them. It's a model developed by two former debt collectors, Craig Antico and Jerry Ashton, who built their careers chasing down patients who couldn't afford their bills. RIP buys the debts just like any other collection company would – except instead of trying to profit, they send out notices to consumers saying that their debt has been cleared. A surge in recent donations – from college students to philanthropist MacKenzie Scott, who gave $50 million in late 2020 – is fueling RIP's expansion. To date, RIP has purchased $6.7 billion in unpaid debt and relieved 3.6 million people of debt. RIP is one of the only ways patients can get immediate relief from such debt, says Jim Branscome, a major donor. "As a bill collector collecting millions of dollars in medical-associated bills in my career, now all of a sudden I'm reformed: I'm a predatory giver," Ashton said.
Note: To understand the corruption in healthcare that results in expensive medical bills, read this revealing 10-page summary of medical doctor Marcia Angell's book The Truth About Drug Companies. To further explore stories that help create the world we want to live in, check out our inspiring news articles collection and our Inspiration Center.
Kenya’s highest court recently struck down as unconstitutional a law that forbade seed sharing, a long practiced traditional means of diversifying crop production and resilience. The law, whether inadvertently or by design, made Kenya another country within the network of those whose seed industry is virtually controlled by a small group of international conglomerates like Bayer—or Monsanto before it was bought out. Advocates on behalf of small-scale farmers and indigenous communities in Kenya said the 2016 Seeds and Plant Varieties Act infringed on their rights to practice indigenous activities, while advocates for seed-saving and seed-sharing say that the practice produces drought-resistant, pest-resistant crops better suited to local areas that don’t require as many imported agrochemicals to grow. In November, Kenyan High Court Justice Rhoda Rutto ruled that by limiting “access to traditional and indigenous seeds, contrary to the Constitution,” the law violated “the petitioners’ and small-scale farmers’ cultural rights” and eroded “the cultural distinctiveness of Kenya’s indigenous peoples.” “This judgment rightly recognizes that seed sharing is not a crime, but a fundamental element of peasants’ identity, resilience and contribution to national food systems,” said the Working Group on Peasants. Like many traditional farming cultures, Kenyan farmers share and exchange seeds after the growing season, and over time this has led to millions of genetically distinct crops.
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This week, the nonprofit Veterans Community Project (VCP) broke ground on its sixth tiny home village, this time in Milwaukee, Wisconsin, to offer more military veterans a fresh start with housing and individualized care. Each 240-square-foot home is part of a larger community designed to help residents regain stability and independence. Since its founding in 2018 when they welcomed their first residents in Kansas City, VCP has helped hundreds of vets transition out of homelessness. VCP has set a new standard for how cities can address veteran homelessness, with its 85% success rate for vets who complete the program successfully and transition to sustainable permanent housing—all in an average of 335 days. Army combat veteran Dave Myers ... had never heard of VCP when his life was spinning out of control three years ago, addicted to drugs after returning home from war. He now smiles recalling a judge’s words ordering him to become a volunteer after he got clean in prison: “He told me, ‘You’re going to spend so much time with these guys that they’re either going to love you or hate you ... I hope it’s the former, and that they offer you a job after.’” Dave is now a full-time operations employee at VCP and is fulfilling his dream to help Veterans. “I was able to connect with our residents in some ways that not a lot of other people can. I’ve been in their shoes.” “This place saved me,” he said proudly.
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“This is the farm,” Sierra Alea said. “This is how to eliminate food waste from landfills,” Alea said. That’s the idea behind Afterlife Ag, the mushroom-growing startup of which she is a co-founder. Winson Wong, another co-founder of Afterlife Ag, said that 80 to 85 percent of what is thrown away in a restaurant is “prep waste, ” material like egg shells, lemon wedges and tomato peels. Afterlife Ag’s model [is] picking up restaurant waste — not the scraps that customers had left on their plates but discards from the chefs who had prepared their meals — and returning with mushrooms. Soon Afterlife Ag was involved in the intricacies of farming and creating substrate in which to grow mushrooms, sometimes with wood chips or shavings from sawmills, sometimes with sawdust from purveyors that smoke fish, sometimes with hemp from hemp farms. “Food waste varies from day to day,” said Aaron Kang, the head grower at Afterlife Ag. Afterlife Ag harvests mushrooms every day and packs them in five-pound boxes for delivery to its restaurant clients. It also sells to schools and hospitals. At one of the restaurants — State Grill and Bar, at 21 West 33rd Street, in the Empire State Building — the chef, Morgan Jarrett, made four dishes with ingredients from Afterlife Ag, starting with a mousse made from pink oyster mushrooms and black king trumpet mushrooms, topped by jangajji, a type of pickled mushroom.
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Community wealth building initiatives are taking hold in cities across the world, strengthening worker pay, local economies and democracy. A recent help-wanted ad for a laundry worker in Cleveland contained some unusual language, asking prospective candidates: “Have you ever wanted to work for a company that is 90 percent employee-owned?” The ad went on to identify Evergreen Cooperative Laundry as the only employee-owned commercial laundry firm in the country, citing a commitment to building the wealth and careers of its employees. The cooperative movement in the Rust Belt city of Cleveland has deep roots in community struggle for shared wealth. Its earliest origins are in the Mondragon co-op movement of the Basque Country in northern Spain, where tens of thousands of workers are organized into a vast co-op network that has flourished since the 1950s. Here in the U.S., when steel companies were closing down throughout the Ohio Valley in the 1970s ... a small band of activists promoted the idea of worker ownership. The model is a simple one: First, identify anchor institutions — hospitals, universities, seats of government — that are not going to relocate in search of higher profits and incentivize them to do their procurement of supplies and services locally, so that those dollars stay at home. Then, make regulatory, financing and policy changes that support the growth of cooperatives to supply their needs, so that the business profits stay with the workers.
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Traditional dairy farms calves are separated from their mothers within 24 hours of their birth. It allows farmers to collect the milk that the calves would naturally drink and sell it to be made into dairy products. But one farmer in the south of Scotland is pioneering an unconventional method of commercial dairy farming - keeping cow and calf together for about six months. David Finlay, who farms 130 dairy cows near Gatehouse of Fleet, claims the system results in higher animal welfare standards and a more profitable business. Now he is calling for the Scottish government to fund a radical new cow-with-calf development programme. The Finlays implemented the cow-with-calf system with their herd, but the decision almost bankrupted the business when they did not have enough milk left to sell to market. After overhauling their business plan and adopting a new approach, the couple found a way of making the system financially viable. David claims that among the benefits are happier cows and staff, healthier animals and an increase in life-expectancy. "What we've found is we can carry 25% more cows on the farm, because the young stock are growing and maturing so much faster and the cows are yielding 25% more milk," he said. "So even with the calves drinking a third of their mother's milk, the system is actually more efficient, more productive and more profitable." Rainton Farm is now the largest commercial cow-with-calf dairy farm in Europe.
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The fusion of artificial intelligence (AI) and blockchain technology has generated excitement, but both fields face fundamental limitations that can’t be ignored. What if these two technologies, each revolutionary in its own right, could solve each other’s greatest weaknesses? Imagine a future where blockchain networks are seamlessly efficient and scalable, thanks to AI’s problem-solving prowess, and where AI applications operate with full transparency and accountability by leveraging blockchain’s immutable record-keeping. This vision is taking shape today through a new wave of decentralized AI projects. Leading the charge, platforms like SingularityNET, Ocean Protocol, and Fetch.ai are showing how a convergence of AI and blockchain could not only solve each other’s biggest challenges but also redefine transparency, user control, and trust in the digital age. While AI’s potential is revolutionary, its centralized nature and opacity create significant concerns. Blockchain’s decentralized, immutable structure can address these issues, offering a pathway for AI to become more ethical, transparent, and accountable. Today, AI models rely on vast amounts of data, often gathered without full user consent. Blockchain introduces a decentralized model, allowing users to retain control over their data while securely sharing it with AI applications. This setup empowers individuals to manage their data’s use and fosters a safer, more ethical digital environment.
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You can’t help but applaud Nick Romeo for showing the workable alternatives to capitalism and the moral driver behind them – everything from the way companies are incorporated to how employees are hired, paid and enabled to share in the value they create. There is no need for ordinary workers to be pawns in a system that makes humanity and ethics secondary to the unbending logic of the marketplace and blind, selfish capital. He takes us to the Marienthal job guarantee programme in Austria. Today the town is piloting the impact of a universal jobs guarantee for all of its out-of-work citizens. Essentially there is a job for anyone unemployed for more than 12 months – you can even have a hand in designing what it is you will do with your time when you work – and you get paid up to £2,000 a month. People opt to work rather than receive welfare benefit, and there is ample evidence it raises their self-worth while delivering a service – care to the elderly or tidier parks – that was not there before. Better still, it costs the state virtually nothing because unemployment benefit is simply transferred to the now employed worker’s pay packet. Romeo takes his reader from one inspiring example to another – from the Purpose economy programme in the US, in which firms are dedicated to delivering greater purpose in perpetuity, to examples of companies paying genuine living wages to their employees to encourage commitment. Around 7,000 B Corps, which commit in their founding constitution to put social goals before profit, now trade in more than 90 countries – there were effectively none 25 years ago.
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The free, moneyless economy is flourishing in America. Roughly 250 million people were still visiting Craigslist worldwide each month in 2022, 27 years after the site was launched in 1995—and many of those Craigslist users are posting and sharing goods under the site’s popular “free stuff” section. About eight years after Craigslist was launched, Freecycle Network came online in 2003. More than 9 million Americans were still using Freecycle as of 2020, which I detailed in an article that year. And then there’s the relatively young Buy Nothing Project, which turned 10 years old in July of 2023. In addition to providing a digital space where people can request things they need, post things they’re giving away, and share gratitude, one of the B corp’s social benefit model goals is to encourage people to organize community and local events around buying nothing. Over the years, Buy Nothing has been gaining popularity—not through any marketing on the part of the organization but through word-of-mouth and organic growth. The Buy Nothing app, which has only been around for about two years, is ... zeroing in on 1 million users. Buy Nothing’s model varies from that of Craigslist’s “free stuff” and Freecycle in that it is focused on community groups, gatherings, and events organized by and for local communities. The idea is that a global reuse economy will emerge community by community. Buy Nothing exists ... “to build resilient communities where our true wealth is the connections forged between neighbors.”
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Companies such as Experian, Equifax, and TransUnion are able to store huge quantities of our personal data and profit from it in a way that doesn’t always benefit us. And when those same companies lose our personal data and make us susceptible to identity theft, there’s virtually nothing we can do about it. Several organizations are working on returning the value of your data to you, such as the state of Illinois’ pilot to test a blockchain-based birth registry/ID system. Taking this idea one step further, when you are the sole owner of your personal data on purchases, online browsing history, or mobile data, you can also choose whether or not to “sell” your own data, with rights and restrictions using smart ledgers. This could shift the power of (and profit from) data management from big, established firms back to individual users. This would also shift the responsibility. If you lost your cryptographic “keys,” then they would be truly lost and you would have to build your identity again. Equifax and others have shown the weakness of central databases in the hands of a single firm. Mutual distributed ledger systems have the potential to provide us with identity and activity management, even permitting us to make a market selling information about ourselves, taking control and cash back from companies like Equifax. There will certainly be mistakes along the way, but how can we truly object to reclaiming control of our most private property — our personal data?
Note: This article is also available here. Watch our 13 minute video on the promise of blockchain technology. Explore more positive stories like this on reimagining the economy and technology for good.
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