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Participatory Budgeting: An Economy for the 99%

Can budgets and even the federal reserve be brought under public control?

Can budgets and even the Federal Reserve be brought under public control? One radical tool for grassroots democracy that is taking hold is Participatory Budgeting. Josh Lerner is co-founder and executive director of the Participatory Budgeting Project and is the author of two books, both released last year: Making Democracy Fun: How Game Design Can Empower Citizens and Transform Politics, and Everyone Counts: Could Participatory Budgeting Change Democracy? Also on the show: what is the Federal Reserve, and what role could it have? Connie Razza works with the Center for Popular Democracy and their “Fed Up” campaign, working to make the Federal Reserve work for the 99%.

We’re not backing down in the face of Trump’s threats.

As Donald Trump is inaugurated a second time, independent media organizations are faced with urgent mandates: Tell the truth more loudly than ever before. Do that work even as our standard modes of distribution (such as social media platforms) are being manipulated and curtailed by forces of fascist repression and ruthless capitalism. Do that work even as journalism and journalists face targeted attacks, including from the government itself. And do that work in community, never forgetting that we’re not shouting into a faceless void – we’re reaching out to real people amid a life-threatening political climate.

Our task is formidable, and it requires us to ground ourselves in our principles, remind ourselves of our utility, dig in and commit.

As a dizzying number of corporate news organizations – either through need or greed – rush to implement new ways to further monetize their content, and others acquiesce to Trump’s wishes, now is a time for movement media-makers to double down on community-first models.

At Truthout, we are reaffirming our commitments on this front: We won’t run ads or have a paywall because we believe that everyone should have access to information, and that access should exist without barriers and free of distractions from craven corporate interests. We recognize the implications for democracy when information-seekers click a link only to find the article trapped behind a paywall or buried on a page with dozens of invasive ads. The laws of capitalism dictate an unending increase in monetization, and much of the media simply follows those laws. Truthout and many of our peers are dedicating ourselves to following other paths – a commitment which feels vital in a moment when corporations are evermore overtly embedded in government.

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