The Closed Circuit Economic Initiative
One of the Three Pilot Programs developed by the NCTT
The Closed Circuit Economic Initiative (C.C.E.I.) is a cooperative economic venture designed to amplify local wealth and incomes by re-circulating it in your community, while progressively eliminating unemployment and providing collective ownership of the venture to you and your community.
The CCE Initiative was originally designed to address the flight of wealth from New African communities to more affluent ones that actually owned the businesses in New African (Black) neighborhoods.
We discovered that a single dollar will circulate in the Jewish community for some 35 days, in the Korean community for 28 days, yet a dollar circulates in the New African (Black) community for an average of 70 seconds. Yes, seconds. However, what we also learned through further analysis was this was in fact, to a greater or lesser degree, a universal disparity throughout underclass communities regardless of their racial or national makeup.
The wealth of underclass communities rarely, if ever, went to enriching those same communities. But there is within our power a way to change that.
Similar to the electrical charge fulfillment action of a closed circuit capacitor – where circulating a charge through a catalyst in a closed circuit will ultimately fulfill a storing device’s capacitance with no need to increase the voltage yield of the charges – it is possible to increase the economic capacity of a community by circulating its wealth in that community for a longer period. This capacitance is increased if the community itself controls the economic circuit in which current exchanges flow.
Similar to the electrical charge fulfillment action of a closed circuit capacitor, it is possible to increase the economic capacity of a community by circulating its wealth in that community for a longer period. This capacitance is increased if the community itself controls the economic circuit in which current exchanges flow.
Here is how we will accomplish this: C.C.E.I. Activists will prepare fliers and pamphlets outlining this initiative in clear, easy-to-understand terms, specifically referencing the unique conditions on the ground in the local underclass communities you hope to begin in. The larger the community, the more impactful it will prove.
Activists, organizers and leaders from the community slated for the initiative, along with C.C.E.I. activists, will canvas the hood together distributing these educational fliers door to door, to churches, mosques, synagogues and temples, pool halls, the street corners, the hood spots and homie hangouts, salons, barbershops and wherever our people congregate, answering questions and promoting the value of the initiative.
Next a survey flier will have to be produced which asks each individual in that community the three top goods and services they most frequently spend their money on – and/or the largest portion of their money on – and/or the largest portion of their money every month. This may vary depending on the community, from groceries to gasoline, from laundrymat services to parking. Once these surveys are collected and their results compiled and we have the top three goods and services that particular community spends their money on, we’ll have the basis for our first economic venture and a business plan to produce based on the No. 1 pick.
For example, let’s say food and home supplies is the area where the most money is spent in Southeast San Diego’s Skyline community. The first venture in this community’s CCE Initiative would be a grocery store, which brings us to our next step: a true community organizing meeting – or several – will have to be held with the entire community and movement activists participating to elect economic trustees for the CCE Fund: one from C.C.E.I., and two from the community in which the venture is based.
These four will collectively oversee the CCE Fund for that community, allowing those funds raised to be accepted only by those four persons together – no single individual will have access to the fund – and only for the CCE Initiative venture agreed to via the democratic will of all involved. This will ensure checks and balances are maintained and trust is assured.
To fund the grocery store, we will ask each individual in that community to contribute $1 or $2 bi-monthly, along with their names, addresses and phone numbers to the CCE Initiative for a six-month period. Let’s say there are 10,000-15,000 residents in this community, along with those local Occupy Movement activists who wish to contribute. Each individual will receive a CCE certification card for their contribution, no matter how small.
All these funds will be deposited in the CCE Fund’s interest earning account, which would raise an estimated $100,000 in that six-month period. We use the lion’s share of those funds to purchase or build our own grocery store in that community, owned by that community collective who are on the CCE registry; if you contributed, you’re on the registry.
We will then hire only people from that community or from the local N.C.T.T. Activist Community who are unemployed. Those C.C.E.I. activists with accounting, business, tax, zoning, law, real estate, grocery or other related expertise should provide that expertise to ensure the success of these ventures and receive a CCE certificate for their contributions to the effort’s creation and continued success.
Once established, we need not worry about patronage or marketing because those who own the venture – the community itself – will, of course, shop in their own grocery store and encourage others to also before going elsewhere. All the profits, minus overhead, will go back to the CCE Fund with 60 percent being paid out monthly to all CCE Initiative registrants – those with a CCE certificate of contribution – in the form of a dividend check, the other 40 percent gaining interest in the CCE fund.
We need not worry about patronage or marketing because those who own the venture – the community itself – will, of course, shop in their own grocery store and encourage others to also before going elsewhere.
We will keep contributing and collecting the $1-$2 every two weeks, depositing it in the CCE Fund. Also, in the next six months, we purchase a “sympathetic-support venture,” one that depends on or contributes directly to the initial venture; let’s say a bakery. The grocery store will purchase its baked goods inventory exclusively from the CCE Initiative bakery. Again, the bakery will hire only people from that community or local movement without a job.
Again, we repeat the process. In the next six-month period we purchase a second sympathetic-support venture; let’s say an organic grain and produce farm, again hiring only those from the community and local movement who are unemployed. Grain, flour and product inventories for the bakery and grocery store will be purchased from our farm – all of these ventures buying and selling to one another while servicing the broader community which owns them.
Again we repeat the process in six months, this time acquiring a small cannery and packaging factory to begin offering our own canned foods and packed goods from both our farm and bakery to our grocer – and on to the broader market. Again, we hire only from that community and local movement’s unemployed.
As this proceeds with each expansion of the CCE Initiative venture, the local unemployment rate drops, the amount of dividend checks paid out to CCE Initiative registrants rises, until eventually that community reaches 100 percent employment, with a second revenue stream directly linked to their own consumer choices. As the prosperity of our collectively-owned businesses grows, we will inevitably reach complete community economic interconnection and social empowerment for the people and the movement.
As the prosperity of our collectively-owned businesses grows, we will inevitably reach complete community economic interconnection and social empowerment for the people and the movement.
The CCE Initiative dividend checks may begin as small as $.30 or $.40, yet in 18 months could be $30-$40. The CCE Fund can then turn its attention to establishing a local credit commons, where the community can invest in its own people’s interests, not to generate profit from usurious interest rates, but to promote community prosperity and meet human needs. Here, people from the community and local movement can get micro-loans, home and auto financing, and standard banking services.
In this way, the underclass community becomes entirely independent of the standard competitive capitalist economy through simple unity, cooperative economics and collective work, distribution of wealth and ownership. All dividend adjustments will be distributed equally amongst everyone in the CCE Initiative, regardless if you contributed $1 or $2 or your specialized knowledge and insight. So long as you contribute to the CCE Initiative, you’ll receive an equal share of dividends.
By means of the CCE Initiative, we can clearly demonstrate cooperation serves the interests of the 99 percent where competition has clearly been unequal to the task.
Once a full community economic circuit is closed, it can be joined to others in the region or nationally, providing a socio-economic alternative to the yoke of wage slavery offered us all by the 1 percent ruling elite. We need only touch the corporate capitalist economy where our own innovation and enterprises fail to meet the capacity or are simply unable to. But we here of the NCTT are always thinking and, in truth, the only limitation to the CCE Initiative meeting the material needs of the 99 percent is your own imagination; we assure you there are further options.
By means of the CCE Initiative, we can clearly demonstrate cooperation serves the interests of the 99 percent where competition has clearly been unequal to the task. By those means we establish a true transfer culture from which substantive change in the nature and structure of U.S. society can be realized. This CCE- Initiative corresponds to Nos. 1, 2, 9 and 10 of the 10 Core Objectives.
One of the Pilot Programs developed by the NCTT.
Download and Share a Pamphlet of this Program here.