By Jay Saper, Margot Seigle & Andrew Meeker
At closing plenary
We are involved in a new Resource Generation member-led project called ReGenerative Finance, which formed last fall out of the Making Money Make Change conference. We are a commitment to fundamentally changing the very shape of the economy by intervening at the scale of finance: by shifting money from the extractive, speculative, “banks and tanks” economy into the interdependent, loving, sustainable, “new economy”, facilitating a Just Transition beyond capitalism.
As we are in the process of creating a model “movement portfolio” that proves that investing in a just transition to the next economy is in fact possible and in our collective self interest, we feel that it is of critical importance to learn from the most impacted communities who are already building alternative futures.
As young people with wealth, we have materially benefited considerably from money being extracted from communities of color. To us it is essential we work to disrupt that. We traveled to Jackson, Mississippi, for the Jackson Rising: New Economies Conference to begin the process of figuring out what a powerful sense of solidarity might mean in the context of investment.
The capital of the poorest state in the country, Jackson is a city that has been economically distressed for years, with wealth continuously extracted from its 80% Black population. Refusing to tolerate despair, the people of Jackson are actively working to build a resilient economy that is controlled by the community and that helps to meet their various unmet basic needs.