Creating a Commons in the Capital: The Emergence of Limited-Equity Housing Cooperatives in Washington, D.C.
The limited-equity cooperatives that emerged in Washington, D.C. in the 1970s and '80s were a form of the commons: a resource that is governed collectively by its members, and is used not to extract profit for a few individuals, but to support the lives of a group. The commons are a dignified basis of survival for poor people who are largely cut out of capitalist markets, an alternative to both market- and state-oriented approaches to managing resources and sustaining life.