The NoVo Foundation, Peter Buffett and the city that wants to fix capitalism

Marc Gunther
Nonprofit Chronicles
8 min readMay 26, 2020

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A scene from the O Positive Festival in Kingston, New York

Every October, Kingston, N.Y., a city of 23,000 people in the Hudson Valley, attracts throngs of visitors to the O + Festival, a weekend celebration of art, music and wellness.

The O + Festival — it’s pronounced O Positive — is no ordinary civic gathering. It is, improbably, an alternative to America’s profit-driven health care system: The artists and musicians who participate can barter their work for medical or dental care. Help paint a mural, get a cavity filled.

In a story about Kingston headlined The US city preparing itself for the collapse of capitalism, The Guardian last fall called O + Festival an “anti-capitalist, anti-establishment healthcare network” and an “example of a model that could supplant corporate America.” The story explains:

Locals have launched a non-commercial radio station, Radio Kingston WKNY, with widely representative, hyper-local programming that broadcasts via power generators if the grid goes dark. A regional micro-currency called the Hudson Valley Current now exists to, according to co-founder David McCarthy, “create an ecosystem that includes everyone.”

Agricultural initiatives like Farm Hub work toward equitable, resilient food systems. A network of bike trails quietly connects local towns to local farms…

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Nonprofit Chronicles
Nonprofit Chronicles

Published in Nonprofit Chronicles

My writing about foundations and nonprofits. I’m interested in the accountability of foundations, how they invest their endowments, the impact of nonprofits, effective altruism and the animal rights movement.

Marc Gunther
Marc Gunther

Written by Marc Gunther

Reporting on psychedelics, tobacco, philanthropy, animal welfare, etc. Ex-Fortune. Words in The Guardian, NYTimes, WPost, Vox. Baseball fan. Runner.

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