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Everything for Everyone

By Nathan Schneider, Hachette Books

The origins of the next radical economy is rooted in a tradition that has empowered people for centuries and is now making a comeback. A new feudalism is on the rise. While monopolistic corporations feed their spoils to the rich, more and more of us are expected to live gig to gig. But, as Nathan Schneider shows, an alternative to the robber-baron economy is hiding in plain sight; we just need to know where to look. Cooperatives are jointly owned, democratically controlled enterprises that advance the economic, social, and cultural interests of their members. They often emerge during moments of crisis not unlike our own, putting people in charge of the workplaces, credit unions, grocery stores, healthcare, and utilities they depend on. Everything for Everyone chronicles this revolution–from taxi cooperatives keeping Uber at bay, to an outspoken mayor transforming his city in the Deep South, to a fugitive building a fairer...

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Warehousing Wealth

By Chuck Collins, Helen Flannery, Josh Hoxie, Institute for Policy Studies

At a time of staggering inequality, wealthy individuals are using donor-advised funds, or DAFs, to claim substantial tax benefits, while often failing to move funds in a timely manor to independent nonprofits addressing urgent social needs. Of particular concern are the growing number of DAFs founded by for-profit Wall Street financial corporations that provide incentives for the warehousing of wealth. This report, Warehousing Wealth: Donor-Advised Charity Funds Sequestering Billions in the Face of Growing Inequality, documents the dramatic expansion of DAFs and the risks an unregulated DAF system poses to the public interest and the charitable sector. Explosive Growth DAFs are now the fastest-growing recipients of charitable giving in the U.S. Donations to DAFs increased from just under $14 billion in 2012 to $23 billion in 2016—growth of 66% over five years. In contrast, charitable giving by individual donors nationwide grew by just 15% over the same five years. DAFs appear to be...

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