The New Economy Movement in the United States is a group of organizations that are attempting to restructure the current economic system. The movement prioritizes human well-being over economic growth. Its primary goal is to localize the economy in an attempt to spread wealth and promote sustainable business practices.[1][2] The New Economy movement challenges both neoclassical and Keynesian economics to include theories of ecological economics, solidarity economy, commons, degrowth, systems thinking and Buddhist economics.[3][4] The movement promotes more public ownership of the economy through organizational structures such as cooperatives, and state-owned banks. The goal of these changes is to remove or alleviate harmful environmental and social impacts of capitalism through alternative economic as well as political practices.[5] A principal leader of the movement is the political economist and activist Gar Alperowitz, who, with others, promote the democratizing ownership of businesses and the economy as a means to achieve a sustainable, fair, and equal society.[6][7]
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