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Activating Stagnant Capital to Catalyze Local Transformation

Part of the 2023 series Schumacher Conversations: Envisioning the Next 50 Years


As the 50th anniversary of Small is Beautiful, 2023 is our opportunity to advance solutions to today’s social, economic, and environmental challenges that build on Schumacher’s original vision.

To meet this calling, the Schumacher Center is convening a monthly series featuring New Economic thinkers, builders and activists from a range of fields. “Schumacher Conversations: Envisioning the Next 50 Years” brings together change-makers whose work today is actively shaping a ‘small is beautiful’ future, organized around 12 key themes and fields of activism.

May’s theme is Activating Stagnant Capital to Catalyze Local Transformation. This online Conversation took place Thursday, May 18th at 2PM (EST).

Register here.

Small is Beautiful advocated “production from local resources, for local needs” as a key organizing principle of a just, ecologically-balanced economics. But a web of flourishing regional economies, producing first for local needs, is possible only when resources and finances are in local control.

With soaring inequality and the pressing need to transition out of old, extractive systems, accumulated wealth cannot remain stagnant. Either it will be captured and reallocated centrally via taxes, or released as free gifts and interest-free investments for placed-based transformation of social, economic and cultural life. May’s panelists are those advancing innovative approaches to the catalytic redistribution of wealth. This group of participants advocate radical steps—encouraging foundations to spend down their funds, land gifting rather than land-hoarding, and total divestment from Wall Street—calling on people and institutions to commit to transformation here and now.

Each panelist was invited to reflect on themes in Small Is Beautiful that connect with their own thinking and activism. These reflections then opened up a broader conversation on the topic of localizing production. An audience Q&A follows moderated by our host, Nwamaka Agbo of the Kataly Foundation.

Register here.

View our list of May allied organizations here.

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Event Panelists

Alfa Demmellash

Born and raised in Ethiopia, Alfa Demmellash lives in New Jersey with her husband and two boys. She is the Chief Executive Officer and Co-Founder of Rising Tide Capital, a non-profit organization that provides underserved entrepreneurs with the resources they need to launch and grow successful businesses. Since 2005 the organization has operated the Community … Continued

Chuck Collins

Chuck Collins is the Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits Inequality.org. He is an expert on U.S. inequality and the racial wealth divide and author of over ten books and dozens of reports about inequality, climate disruption, philanthropy, the racial wealth divide, affordable housing, and … Continued

Kate Poole

Kate Poole is an anticapitalist investment advisor who co-founded Chordata Capital with Tiffany Brown in 2018. Chordata Capital supports investors in moving money off of Wall Street into community investments that center racial and economic justice. An anticapitalist wealth management firm with a commitment to support clients in redistributing rather than continuing to accumulate wealth, Chordata believe … Continued

Nwamaka Agbo

Nwamaka Agbo is CEO of the Kataly Foundation and Managing Director of the Restorative Economies Fund. In her roles, Nwamaka collaborates with the Kataly team to lead the foundation’s day to day operations, while holding the community-centered strategy and vision for the Fund. With a background in community organizing, electoral campaigns, policy and advocacy work … Continued