The Walker Group featured in Nick Romeo’s book, “The Alternative”

In the thought-provoking book “The Alternative: How to Build a Just Economy,” author Nick Romeo presents a compelling case for a more ethical and sustainable economic system by elevating the role that community, purpose, and the environment play in making economic decisions. Among the various examples of innovative economic models, The Walker Group shows how this can work in business.

The Walker Group’s founder, Kate Emery, rather than selling to the highest bidder in the typical mergers and acquisitions transaction, instead transferred ownership of the company to a Perpetual Purpose Trust. This model, which gained prominence with companies like Patagonia, is designed to fulfill a higher mission beyond mere profit-making. By sharing profits with workers and community nonprofits, The Walker Group exemplifies the potential for businesses to contribute positively to society and the planet.

Romeo’s book is not just a critique of the current economic system; it’s a showcase of the many alternatives that are not only possible but already in action. The Walker Group’s approach to business is a testament to the fact that economic growth and social responsibility can go hand in hand. Their success challenges the widely accepted notion that profits should or must come before all other considerations.

“The Alternative” takes readers on an enlightening journey through the stories of people and organizations like The Walker Group, who are working to build economies that are equal, just, and livable. It’s a narrative that inspires and empowers, urging us to consider how our economic decisions can shape a better future for all.

As we navigate the complexities of the twenty-first century, The Walker Group’s story serves as a reminder that there are indeed alternatives to the status quo. With each purpose-driven company that emerges, the vision of a just economy becomes increasingly tangible.

Nick Romeo’s “The Alternative” is a crucial read for anyone interested in the intersection of economics, ethics, and social change. It’s a book that liberates our economic imagination and challenges us to think differently about the role of business in society. For those looking to explore this further, “The Alternative” is available for purchase and offers a deep dive into the transformative ideas reshaping our world.

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