The Economy for the Common Good - Christian Felber
"The
Economy for the Common Good" comprises the basic elements of an alternative economic framework. It employs three approaches:
1.
Market values and social values should no longer oppose each other. The same values that contribute to fulfilling interpersonal relationships should be awarded in the economy.
2. Conformity with the constitution. The economy should
function in accordance with the values and objectives established by the constitutions of western democracies, which is currently not the case.
3. Economic success should no longer be measured with monetary indicators (financial profit,
GDP), but by what is really important, i.e. utility values (basic needs, quality of life, communal values)
Market values and social values should no longer oppose each other.
The first draft of this model, including the
Common Welfare
Balance Sheet, was developed between 2009 and
2010 by a dozen entrepreneurs from
Austria.
Practical Implementation
In the fiscal year
2011, 60 companies in three countries created the Common Welfare Balance Sheet. They were supported and advised by Common Welfare Consultants; auditors reviewed the Common Welfare Balance Sheet. Towards the end of 2011, the number of pioneers has risen to
150; over
500 companies from 13 countries support the overall process of the
Common Welfare Economy.
Overall
Process
Increasingly, different working parties are forming around the model and the pioneer companies.
Editors, scientists, speakers, ambassadors,
... numerous people offer their skills and knowledge in
order to contribute to the joint development of the Common Welfare Economy.
Energy Fields and Communities
In eight countries: Austria,
Germany,
Italy,
Switzerland,
Liechtenstein,
Spain,
Argentina and
Honduras -- Energy Fields (regional support groups) have emerged. They surround supporting companies and communicate the idea in their local area. There have been the first requests by communities to become a Common Welfare
Community.
Open Process
The model of the Common Welfare Economy is based on two core elements: the Common Welfare Balance Sheet and the 20
Cornerstones. By constantly integrating feedback, we have continually readjusted the model and will do so in the years to come.
At the end of this process, economic conventions need to take place, first on a communal level, then on a nationwide level. By popular vote, parts of the model shall be anchored in the constitution.
Participate
Everyone can contribute to the Common Welfare Economy with their specific skills or interests -- be it as a company, as a consumer, as a working party or as an Energy
Field, in schools and universities or in residential communities. Every day their number grows.
Join the process!