"Shared ownership helps diversify rather than concentrate wealth – which is what we desperately need to do to revitalise our economy. It roots the value it generates in communities, keeping assets and resources from being transferred from local communities and low-wage employees to multinational corporations and their owners."
"Over the last three years, the world has been engulfed by political, economic and, particularly, financial crisis management. We have lost sight of the fundamental transformation that the world is undergoing and of where conventional modes of decision-making have become outdated. What we clearly need are new models for global, regional, national and business decision-making which truly reflect that the context for decision-making has been altered – in unprecedented ways."
"The looming fear whose name political leaders dare not speak is global depression, but that is not what we're in for. The term suggests a temporary sidetrack from the smooth operation of integrated advanced economies. We're heading into something quite different, a permanent departure from the standard conception of economic progress, the one in which there is always sure to be more comfort and convenience for everybody, the economy of automatic goodies."
In October 2010, Global Contribution Corporation became one of the first Benefit Corporations in the world. A year later, California, one of 6 with 7 states forthcoming, passed AB-361, allowing for this new class of corporation.
A new economy requires a new kind of corporation that can create public benefit and shareholder value, harnessing the power of business to solve social and environmental problems. The ability to incorporate consideration of people, planet, profit – the triple bottom line – will allow Benefit Corporations to move past the limited focus on pursuit of financial profit, regardless of social and environmental impact. This represents a positive shift for the way American business is practiced.
The great Kevin Kelly recently wrote a post titled “Cities are Immortal, Companies Die.” He states that
"Both are types of networks, with different destinies. There are two basic network forms: organisms or ecosystems. Companies are like organisms, while cities are like ecosystems."
The fact is that we need both, healthy organisms and a healthy ecosystem where these organisms can thrive. The industrial mindset continues to shape the social sector, and it can be challenging to transcend our organizations – we tend to over-identify with them, and to compete rather than collaborate with natural allies, this can make for an unhealthy ecosystem.
"The only way to manage an economy as complex as this is to allow massively parallel decision making. A huge number of economically empowered people making small decisions, that in aggregate, are able to process more data, get better data (by being closer to the problem), and apply more brainpower to weighing alternatives than any centralized decision making group."
"How do we bridge the action gap? What pieces are currently missing? Last week I posted a model for answering these questions on my personal blog. The visual depiction is below and you can click through for the detailed explanation." - @GregoryJRader
"This new shared market economy is being driven by a quiet revolution: the millions of Americans who no longer want to prop up our faltering economy with endless and thoughtless consumption.
They recognize that hyper-consumption is no longer an option, both because it's not sustainable and because they have less money to spend. Instead, Americans are starting to spend their limited income in a responsible, thoughtful, and connected way. They want to feel good about where their money is going."
"The Global Transition 2012 is an international network of organisations and leading thinkers from the Global North and South.
It is catalysing a ‘Global Transition’ by building a community of civil society organisations across the globe to promote and deliver a rapid transition to the desirable and beneficial economy that we aspire to.
The ultimate vision of the initiative is an alternative global green economy that maximises well-being, operates within environmental limits and is capable of coping and adapting to global environmental change."
Tony Greenham: We need banks that focus on the real economy, individuals and small business, not speculation and remote investments...
This article in the Guardian makes a lot of sense, but then again "going local" might be the new fashion in sustainability thinking but is not always without its problems and challenges too. What we ultimately will need is a fundamental reform of the role and functioning of ALL banks in society.
"The Blue Economy permits to respond to the basic needs of all with what we have. As such, it stands for a new way of designing business: using the resources available in cascading systems, where the waste of one product becomes the input to create a new cash flow.
We can evolve from an economy where the good is expensive, and the bad is cheap, to a system where the good and innovative is affordable – consumption for the better.
100 such innovations were presented as a Report to the Club of Rome, now published as a series of books."
"Until we learn to rewrite the DNA of these social organisms, we truly can’t solve any of the big problems. And currencies are the key to doing this. They are the formal encoding of currents at the social level. And it is currents/flows that make a living system alive. This is true whether it is a biological organism or social organism."
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