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Trickle-up economics

Article of Prospect, July 13, 2019

Ted Howard, July 2019

Read the complete document on: www.prospectmagazine.co.uk

Summary :

Just occasionally, something exceptional emerges from a town or city in crisis. New ideas are deployed to meet the challenges. Communities like Cleveland in the US and Preston in England were left in freefall by the collapse of traditional industry and the failure of trickle-down economics. Thanks to local efforts, what emerged from the chaos was a new model—one I call “community wealth building.”