By Guy Dauncey, March 2018
If we are to live in a fair, just, ecologically sustainable world, many things in our economy will need to change, from the way banks create money to the way environmental losses and gains are accounted for and measured.
Let’s start with the businesses that grow the food, manufacture the products and provide the services we all depend on and enjoy.
It’s almost impossible to imagine a successful economy without its businesses. The Soviet Union tried, and Cuba is still trying, but neither has had much success. It’s hard to have success when the spirit of enterprise is not allowed to flourish. Continue reading Let’s Make Every Business a Social Purpose Business
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
This is an expanded Appendix 1 to my essay A New Cooperative Economy.
Until something has a name, it hardly exists. So what shall we call the new economy that we need so much? These are all proposed names that I have harvested from my reading. If you know of another, let me know, and I will add it. Updated to 74 names on November 21st 2017.
So which do you prefer? I apologize that this website is not sophisticated enough to allow for scoring. Click MORE to see the list… Continue reading What Shall We Call The New Economy We Need So Much?