toward a localist policy agenda

Towards a Localist Policy Agenda

Stacy Mitchellemail: smitchell@ilsr.orgtwitter: @stacyfmitchell

1. Why is changing public policy essential to our success?

2. How can we frame a compelling narrative for policy change?

3. What would be the primary components of that agenda?

4. What are the initial steps we need to take?

1. Why is changing public policy essential to our success?

2. How can we frame a compelling narrative for policy change?

3. What would be the primary components of that agenda?

4. What are the initial steps we need to take?

112,000 — increase since 2002 in the number of small farms

4,727 — increase since 2002 in the number of farmers markets

1,414 — increase since 2002 in the number of small indie grocers

local

local

local Walmart

local Walmart

local Walmart + 4 chains

7 million — new credit union members since 2007

3,000

6,000

9,000

12,000

15,000

18,000

2007 2008 2009 2010 2011 2012 2013

Number of Community Banks & Credit Unions

Source: FDIC & NCUA

Giant Banks

Large BanksMedium Banks

Small Banks

Share of Assets — 1995

Source: FDIC

Giant Banks: 49%

Large Banks

Medium Banks

Small Banks

Share of Assets — 2007

Source: FDIC

Share of Assets — 2012

Large Banks

Medium Banks

Small Banks

Giant Banks: 56%

Source: FDIC

Share of Assets — 2012

WELLS FARGO

Large Banks

Medium Banks

Small Banks

Giant Banks: 56%

Source: FDIC

249 — net increase in independent bookstores since 2009

Citizen

Citizen

1. Why is changing public policy essential to our success?

2. How can we frame a compelling narrative for policy change?

3. What would be the primary components of that agenda?

4. What are the initial steps we need to take?

limited government

1. Why is changing public policy essential to our success?

2. How can we frame a compelling narrative for policy change?

3. What would be the primary components of that agenda?

4. What are the initial steps we need to take?

1. Stop subsidizing the corporate economy

Combined Reporting

Combined Reporting

2. Restructure the financial system to operate at a community scale

54%

18%

28%Giant Banks

Large Banks

Small & Mid-Sized Community Banks

Small Business Lending

Source: FDIC

• Brown-Vitter Bill

• State Partnership Banks

• Local Economy Investment Pools

Global Witness

3. Adopt planning policies that create great habitat for local businesses

Cape Cod CommissionRegional Policy Plan: “Locally owned businesses retain and circulate money within the regional economy to a greater degree than non-local businesses.”

4. Enforce strong competition policies

5. Shift spending by public institutions

6. Make targeted local economy investments

7. Collect better data & set benchmarks

1. Why is changing public policy essential to our success?

2. How can we frame a compelling narrative for policy change?

3. What would be the primary components of that agenda?

4. What are the initial steps we need to take?

$2 trillion

optimal size