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Community-Based Asset Building and Community Wealth

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  • Jessica Gordon Nembhard

Abstract

The author traces involvement in the wealth inequality movement since 1999 and the frustrations with realistically addressing wealth inequality and racial wealth gaps. This paper outlines the journey from understanding the importance of wealth in African American and other communities, to addressing collective structures for accumulating assets and wealth for low-income people of color. The author explores the role cooperatives play in creating community and collective wealth, and proposes alternatives to the mainstream savings strategies usually proposed. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Jessica Gordon Nembhard, 2014. "Community-Based Asset Building and Community Wealth," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(2), pages 101-117, June.
    • Handle: RePEc:spr:blkpoe:v:41:y:2014:i:2:p:101-117
    DOI: 10.1007/s12114-014-9184-z
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    References listed on IDEAS

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    1. Bhuyan, Sanjib & Leistritz, F. Larry & Cobia, David W., 1998. "Non-Agricultural Cooperatives In The United States: Roles, Difficulties, And Prospects," Agricultural Economics Reports 23134, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Glasser, Ruth & Brecher, Jeremy, 2002. "We Are The Roots: the organizational culture of a home care cooperative," Research Reports 143131, University of California, Davis, Center for Cooperatives.
    3. McKee, Gregory J., 2011. "The Economic Contribution of North Dakota Cooperatives to the North Dakota State Economy," Agribusiness & Applied Economics Report 117167, North Dakota State University, Department of Agribusiness and Applied Economics.
    4. Artz, Georgeanne M. & Kim, Younjun, 2011. "Business Ownership by Workers: Are Worker Cooperatives a Viable Option?," Staff General Research Papers Archive 34575, Iowa State University, Department of Economics.
    5. United States Department of Agriculture, 1980. "Cooperative Benefits and Limitations," Cooperative Information Reports (CIR) 280545, United States Department of Agriculture, Rural Development.
    6. Fulton, Murray E. & Ketilson, Lou Hammond, 1992. "The Role of Cooperatives in Communities: Examples from Saskatchewan," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 7, pages 1-28.
    7. Jessica Gordon Nembhard, 2013. "Community Development Credit Unions: Securing and Protecting Assets in Black Communities," The Review of Black Political Economy, Springer;National Economic Association, vol. 40(4), pages 459-490, December.
    8. Curtis W. Stofferahn, 2009. "Cooperative Community Development: A Comparative Case Study of Locality-Based Impacts of New Generation Cooperatives," Community Development, Taylor & Francis Journals, vol. 40(2), pages 177-198, June.
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    Cited by:

    1. Matskevich, Victoria E. & Omelyanovskiy, Vitaliy V., 2021. "System analysis of organisational and economic mechanisms for managing health care resource provision," Economic Consultant, Roman I. Ostapenko, vol. 35(3), pages 38-47.

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