The following is excerpted from the new book America the Possible: Manifesto for a New Economy.
If we manage well, we can achieve a higher quality of life both individually and socially. Life in America the Possible will tend strongly in these directions:
Relocalization: Economic and social life will be rooted in the community and the region. More production will be local and regional, with shorter, less-complex supply chains, especially but not only in food supply. Enterprises will be more committed to the long-term well-being of employees and the viability of their communities and will be supported by local, complementary currencies and local financial institutions. People will live closer to work, walk more, and travel less. Energy production will be distributed and decentralized, and predominantly renewable. Socially, community bonds will be strong; connections to neighbors will be genuine and unpretentious; civic associations and community service groups plentiful; support for teachers and caregivers high. Personal security, tolerance of difference, and empathy will be high. Local governance will stress participatory, direct, and deliberative democracy. Citizens will be seized with the responsibility to manage and extend the commons -- the valuable assets that belong to everyone -- through community land trusts and otherwise.
New business models: Locally owned businesses, including worker-, customer-, and community-owned firms, will be prominent. So, too, will hybrid business models such as profit/nonprofit and public/private hybrids. Cooperation will moderate competition. Investments will promote import-substitution. Business incubators will help entrepreneurs with arranging finance, technical assistance, and other support. Enterprises of all types will stress environmental and social responsibility.