They say we are self-interested, we’re always out to win.
Always individualistic, though it used to be a sin.
They say we need free markets, the better to compete,
and the economy will flourish if we only think of greed.
This is Economics 101, the way it’s taught today. Not a word about nature, community, caring, sharing, or cooperation.
During the mid 19th century, advances in science, democracy, education, literacy, public healthcare, labour unions, technological breakthroughs, banking, and the power of fossil fuels to generate rapid economic growth certainly made it seem that after ten thousand years of economic stagnation the competitive pursuit of profit was improving life for all. In the 1760s it took eighteen hours of human labour to transform a pound of cotton into cloth. By the 1860s it took one and a half hours. Today, it probably takes five seconds.
Continue reading The Birth of a New Cooperative Economy
by Guy Dauncey
When the future teenager walks down the future Main Street in future Smalltown BC, be it Williams Lake, Smithers, Houston, Creston or Kimberley, which of these thoughts might she or he be thinking?
“I can’t wait to get out of this place—it’s so, like, basic.”
“This place is so cool. I wish there was work, so that I could stay.”
“This place is so über-cool. My friends in the city are so jealous that I get to live, work and play here.”
British Columbia has many communities that built their economies around traditional resources that are now either collapsing or going into decline. Unless there’s a strong impulse for community economic renewal, there’s a risk that working people will leave and young people will follow, never to return.
Continue reading A New Economy for Small Communities
by Guy Dauncey
CCPA Goods Jobs Economy in BC Conference, November 21, 2014
The slides that accompany this presentation can be found here: http://www.slideshare.net/GuyDauncey/a-green-cooperative-economy
The transition from a capitalist to a cooperative economy could be one of the defining achievements of the 21st century.
In history, everything changes. The foundations of capitalism were built by merchants and mercantilists in the 16th and 17th centuries in response to the oppressiveness of feudalism. It developed into full-fledged industrial capitalism in the 18th and 19th centuries, and into financial capitalism at the end of the 20th century, using global free trade, shadow banking and offshore tax havens to overpower and sidestep much government taxation, regulation and control. Continue reading Sixteen Building Blocks of a Green, Entrepreneurial, Cooperative Economy