The term pluralist commonwealth refers to a

systemic Systemic fundamental to a predominant social, economic, or political practice. This refers to: In medicine In medicine, ''systemic'' means affecting the whole body, or at least multiple organ systems. It is in contrast with ''topical'' or ''loc ...

model A model is an informative representation of an object, person or system. The term originally denoted the plans of a building in late 16th-century English, and derived via French and Italian ultimately from Latin ''modulus'', a measure. Models c ...

wealth Wealth is the abundance of Value (economics), valuable financial assets or property, physical possessions which can be converted into a form that can be used for financial transaction, transactions. This includes the core meaning as held in the ...

democratization Democratization, or democratisation, is the transition to a more democratic political regime, including substantive political changes moving in a democratic direction. It may be a hybrid regime in transition from an authoritarian regime to a ful ...

supported and facilitated by a variety of different institutional forms.

Political economist Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour mar ...

and

historian A historian is a person who studies and writes about the past and is regarded as an authority on it. Historians are concerned with the continuous, methodical narrative and research of past events as relating to the human race; as well as the stu ...

Gar Alperovitz Gar Alperovitz (born May 5, 1936) is an American historian and political economist. Alperovitz served as a fellow of King's College, Cambridge; a founding fellow of the Harvard Institute of Politics; a founding Fellow at the Institute for Policy ...

is generally credited for the development of this model as a way to resolve

socio-economic Socioeconomics (also known as social economics) is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how modern societies progress, stagnate, or regress because of their local ...

problems associated with

corporate capitalism In social science and economics, corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations. Overview A large proportion of the economy of the United States and its labour marke ...

and traditional

state socialism State socialism is a political and economic ideology within the socialist movement that advocates state ownership of the means of production. This is intended either as a temporary measure, or as a characteristic of socialism in the transition fr ...

. Expanding upon proposals that focus more narrowly on state- versus worker-ownership or state- versus self-managed enterprises, this " pluralist" approach involves large-scale

public ownership State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownershi ...

corporate A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and re ...

equity Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the dif ...

, worker-owned and community-benefitting

enterprise Enterprise (or the archaic spelling Enterprize) may refer to: Business and economics Brands and enterprises * Enterprise GP Holdings, an energy holding company * Enterprise plc, a UK civil engineering and maintenance company * Enterpris ...

s, Community Development Corporations, nonprofit corporations and enterprising state and local public agencies. According to Waheed Hussain: "A pluralist commonwealth is a free-market society in which the

economic returns Returns, in economics and political economy, are the distributions or payments awarded to the various suppliers of a good or service Wages Wages are the return to labor—the return to an individual's involvement (mental or physical) in the creati ...

on productive assets improve the lives of large communities of individuals, rather than a narrow elite."

Notes

References

* Alperovitz, Gar. "The Pluralist Commonwealth". http://www.pluralistcommonwealth.org/. The Democracy Collaborative. Retrieved 8/14/2014. * Alperovitz, Gar (May 1, 2013). What Then Must We Do?: Straight Talk about the Next American Revolution (1st ed.). 85 North Main Street, Suite 120, White River Junction, VT 05001: Chelsea Green Publishing. p. 145. . * O'Neill, Martin; Williamson, Thad (Mar 3, 2014). Property-Owning Democracy: Rawls and Beyond. 5521 Research Park Drive, Suite 200, Catonsville, MD 21228: Wiley-Blackwell. p. 269. . * Alperovitz, Gar; Speth, Gustave (Nov 9, 2011). America Beyond Capitalism: Reclaiming Our Wealth, Our Liberty, and Our Democracy (2nd ed.). 6930 Carroll Ave., Suite 501, Takoma Park, MD 20912: Democracy Collaborative Press. pp. 70–77. . * Garnett Jr, Robert F; Olsen, Erik; Starr, Martha (November 10, 2013). Economic Pluralism. 270 Madison Ave., New York, NY 10016: Routledge. p. 8. {{ISBN, 0415747414. Economic ideologies Free market Political philosophy