Democratic economic power happens through a collective process of defining what constitutes sufficient resources for each person and distributing them accordingly, prioritizing those who have historically had the least access to resources. “Sufficiency” is based not in a scarcity model or a competitive model, but in a model of commonality and abundance shared equitably among all community members.
Decision-making is equitable and inclusive.
Financial resources are not valued more than other kinds of resources (examples: labor, materials made or grown or found or invented, knowledge, skill, caretaking of children and each other, etc). Everyone has needs, everyone has gifts to offer. Everyone benefits, everyone contributes.
The value of people’s time is determined through a collective process that does not only prioritize work or skill developed through institutional education, but looks more broadly at all the work that is essential to our livelihood.
No one becomes rich based on another person’s sweat. Wealth is distributed equitably and all people are protected by the economic system and accountable to that system and the community it represents.