In Part I of this topic, I wrote about how “patient capital” is emerging in mainstream thought as U.S. policymakers conceptualize how to create inclusive economies, or economies that provide everyone (especially the poor, vulnerable, and marginalized) a shot at social and economic opportunity with some level of stability and security. Patient capital lies at the core of social capitalism and of Germany’s economic stability and resilience in the post-World War II era. Here, I examine another German concept that also has also been making its way into U.S. policy discourse: works councils. 

Photo by Thomas Drouault on Unsplash

I recently completed two years of research on informality in Germany, where all unregulated economic exchanges of goods, services, and labor are illegal. To understand German reliance on rule-of-law for controlling informality, I dug into the social democratic principles that undergird an economy that integrates growth-focused capitalism with a strong social safety net. Back here in the United States, I’ve been surprised and pleased to see social capitalist principles emerging as some policymakers, advocates, entrepreneurs, and others test and promote solutions for making markets more just and inclusive.

Money and Time
Image by Nattanan Kanchanaprat from Pixabay

From the case of the World Music market, we learn that local initiatives always have multiple meanings—a polysemy that cannot be avoided and must be considered in analysis and practice for local initiatives to thrive.

In the current media climate of "fake news" accusations and divisive partisanship in the United States, it is no wonder that history as a powerful way of making sense of the past and its connections to the present has also been dragged into the crossfire.

The dam collapse in southern Laos’ Attapeu Province in July 2018 led to an outpouring of global generosity and some serious criticisms about the safety of hydropower dams in the Mekong river basin. Disaster relief agencies were quick to provide aid to the victims but need support to continue their work.

A community college system leader discussed community college policy making and influence in Massachusetts with Tracy Corley. This article is the first of a series about the role of community colleges in employment mobility and higher education access in the United States.

On a national and local level, we typically interpret unemployment rates as an indicator of economic well-being. This paper argues that the Labor Force Participation Rate (LFPR) offers a more complete picture of a region or nation’s economic health. Using the Lincoln Trail region in Kentucky, we illustrate the ways that LFPR contributes to an understanding of the quality of jobs, the willingness of employers to engage the workforce, and the level of alignment between education, workforce development, and economic development.

I love stories about enterprising individuals making a difference in the world. That’s why David Katz’s story in a recent edition of Future Thinkers Podcast had my creative brain firing on all cylinders. Katz’s company, The Plastic Bank, rethinks plastic as currency instead of waste.