Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-hfldf Total loading time: 0 Render date: 2024-05-08T09:11:06.009Z Has data issue: false hasContentIssue false

3 - Capitalist Sharing and Economic Stability

from Part I - Collaborative Capitalism Defined

Published online by Cambridge University Press:  26 April 2018

Rashmi Dyal-Chand
Affiliation:
Northeastern University School of Law
Get access

Summary

This chapter describes ShoreBank in Chicago and the network of small businesses that developed around it. These businesses rehabilitated multifamily housing -- and in the process revitalized many of the neighborhoods on Chicago’s south side. For decades, the network developed a robust system of shared labor and financing that allowed each individual business not only to start up, but also to survive the ups and downs of the real estate market. ShoreBank played a central role, both in the development of the network and in its maintenance. Financing was the most obvious form of support provided by the Bank, but it was by no means the only form. Through key personnel, larger strategic choices, and a sophisticated range of community relationships, the Bank acted as the glue that kept the network together. In addition, and critically, the businesses themselves developed a way to share labor with each other, supporting the myriad construction activities required for completion of each building. In 2010, during the apex of the financial crisis, ShoreBank went out of business, and the rebabber network was deeply shaken. Numerous lessons can be learned both from the development of these extraordinary networks, and from their current circumstances.
Type
Chapter
Information
Collaborative Capitalism in American Cities
Reforming Urban Market Regulations
, pp. 50 - 72
Publisher: Cambridge University Press
Print publication year: 2018

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×