The New Earth Economy
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The New Earth Economy

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A roadmap to create a peaceful, sustainable local and global economy

A roadmap to create a peaceful, sustainable local and global economy

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  • @carllindstrom Many thanks - it's fascinating reading about 19th century economists, and their struggle to find ways to overcome poverty. That has driven so much of economics. Now we have to turn it all around, and build an economy that can end poverty AND do so in harmony with nature.
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  • Guy, this is very good and the real oxymoron of this time ... we are destroying our sustainable capability in the name of growing our economy (in a way leading to more extraction and destruction of all resources and politicians say that they cannot function in a shrinking economy. This is one of the pivotal issues that must be solved... quite true.
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  • I just posted this - I hope you find it useful.
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The New Earth Economy The New Earth Economy Presentation Transcript

  • The New Earth EconomyIntegrating Earth and Humanity Guy Dauncey, January 2012 www.earthfuture.com
  • What went wrong?How did this…
  • GrossDomesticProduct
  • turn into …
  • GrossDepletion of thePlanet?
  • ©Smithore Dreamstime.com
  • A "super-entity" of 147 very tightly knit companies control 40% of the total wealth in the global economic network. New Scientist: An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
  • The top 20 of the 147 superconnected companies1. Barclays plc2. Capital Group Companies Inc3. FMR Corporation4. AXA5. State Street Corporation6. JP Morgan Chase & Co7. Legal & General Group plc8. Vanguard Group Inc9. UBS AG10. Merrill Lynch & Co Inc11. Wellington Management Co LLP12. Deutsche Bank AG13. Franklin Resources Inc14. Credit Suisse Group15. Walton Enterprises LLC16. Bank of New York Mellon Corp17. Natixis18. Goldman Sachs Group Inc19. T Rowe Price Group Inc20. Legg Mason Inc New Scientist October 19, 2011
  • Where does this lead us? • Earth - Tragedy of the Commons • Organized assault on regulations • Huge fat-cat bonuses • Banks “too big to fail” • No concept of real wealth • Financial markets out of control • Tax havens - pirates’ paradise • Unfair “free” trade • Debt out of control • Growing unemployment • Speculation on food, homes • Laughing all the way to the bank • Banks get $ trillion bail-out • Capital becomes its own creation • Money corrupts politics • Repeat until bankrupt …
  • We need…A Green Economy Harmony with NatureTrue Sustainability
  • 100% Sustainable Communities ©Moutwtrng Dreamstime.com
  • In the beginning, there was The Earth
  • with its own complexecology economy
  • Element 1: The Earth
  • And then there were humans….. Building our human economy …
  • Element 2: The Humans Human economy Earth’s economy
  • Element 2: More Humans Human economy Earth’s economy
  • We took from Earth’s ecosystemwith almost no thought for the whole …
  • Without any interconnecting limits,the human economy consumes Earth’s economy
  • The human economy grows … Human Economy Element Earth’s Economy
  • In the absence of constraint, it behaves like acancer cell…
  • Looking more closely at the Human Economy… Human Economy Element
  • It can be designed to be very cooperative…… JM Keynes … Joseph Stiglitz … Joseph Schumpeter … Nicholas Kaldor … Ha-Joon Chang … Arthur Pigou … Amartya Sen …
  • Or very competitive…… Milton Friedman … Herbert Simon … Friedrich Hayek … libertarian, free market economists
  • But what is its goal, its purpose? ? iness Happ Wealt h? ? Civiliza tion? Money? ? ogress Pr Market Growt ? h? Share
  • What is its goal, its purpose?“He who gets the most toys wins?”
  • And Earth loses?
  • In pure free market economics, these are the onlygoals … Wealt h rk et Ma e ha r Money S Growt h
  • So let’s go back, and redesign the system Human economy Earth’s economy
  • What are humanity’s true goals? Human economyEarth’s economy Human progress Harmony with Nature Freedom from hunger and poverty Meaning, happiness Freedom, fulfilment Peace
  • What are our human goals? MIND SPIRIT BODY HEART
  • What are the human economy’s goals?Take 2: SP D IN IR M IT B T O AR D Y HE
  • What are the human economy’s goals?Take 2:LearningResearch SPEducation DInnovation IN IR M ITVision B T O AR D Y HE
  • What are the human economy’s goals?Take 2:LearningResearch SPEducation DInnovation IN IR M ITVisionEnergy B TTransport O ARFood D Y HEShelterHealthMaterial goods
  • What are the human economy’s goals?Take 2: PurposeLearning MeaningResearch Healing SPEducation D LoveInnovation IN IR M ITVisionEnergy B TTransport O ARFood D Y HEShelterHealthMaterial goods
  • What are the human economy’s goals?Take 2: PurposeLearning MeaningResearch Healing SPEducation D LoveInnovation IN IR M ITVisionEnergy B TTransport O Family ARFood D Friends Y HEShelter CommunityHealth NeighbourhoodMaterial goods
  • What are the human economy’s goals?Take 2: PurposeLearning MeaningResearch Healing SPEducation D LoveInnovation IN IR M ITVisionEnergy B TTransport O Family ARFood D Friends Y HEShelter CommunityHealth NeighbourhoodMaterial goods Total = “Wealth”
  • Businesses D SP IN IRM IT T AR B O HE D Y
  • D SP IN IR M IT Business Connected to Nature T AR B O HE D YEnvironmental regulationsGreen business certificationAnnual sustainability reports
  • D SP IN IR M IT Business Connected Connected to to Nature Community T AR B O HE D YEnvironmental regulationsGreen business certification Community board membersAnnual sustainability reports Local business support network
  • Employee share-ownership Co-op ownership Right to Unionize D SP IN Connected to IR M IT Workers Business Connected Connected to to Nature Community T AR B O HE D YEnvironmental regulationsGreen business certification Community board membersAnnual sustainability reports Local business support network
  • Corporate social responsibility Employee share-ownershipSocially responsible investment Co-op ownershipCommunity finance Right to Unionize D SP IN Connected to Connected to IR M IT Investors Workers Business Connected Connected to to Nature Community T AR B O HE D YEnvironmental regulationsGreen business certification Community board membersAnnual sustainability reports Local support networks
  • D SP IN IRM IT Local Economy Support Networks Emilia Romagna, Italy T AR B O HE D Y
  • Emilia Romagna, Italy • Population 4.4 million • $$$, top ten European regions • 32% self-employed • 35% industry, 7% agriculture • 76% people work in small business with 4-5 workers • Italy’s 4th largest exporter • 400,000 enterprises • 15,000 cooperatives • Strong tradition of reciprocity, regional economy mutual support system • High density of banks • Regional credit system with close ties to local enterprises • Lowest unemployment • Highest rate of citizen satisfaction in Italy
  • Banks D SP IN IRM IT T AR B O HE D Y
  • D SP IN IR M IT Bank or Credit Union Connected to Nature T AR B O HE D YGreen banking certificationAnnual sustainability reports
  • D SP IN IR M IT Bank or Credit Union Connected Connected to to Nature Community T AR B O HE D YGreen banking certification Community financeAnnual sustainability reports Community representation
  • Small enough to fail Real world banking Well regulated Transparency D SP IN Connected to IR M IT Government Bank or Credit Union Connected Connected to to Nature Community T AR B O HE D YGreen banking certification Community financeAnnual sustainability reports Community representation
  • Socially responsible investment Small enough to failPurpose driven investment Real world bankingTransparency Well regulated Transparency State banks D SP IN Connected to Connected to IR M IT Investors Government Bank or Credit Union Connected Connected to to Nature Community T AR B O HE D YGreen banking certification Community financeAnnual sustainability reports Community representation
  • D SP IN IRM IT Finance Companies T AR B O HE D Y
  • D SP IN IR M IT Finance Companies Connected to Nature T AR B O HE D YGreen banking certificationAnnual sustainability reports
  • Real world lending ratiosTransparency D SP IN Connected to IR M IT Investors Finance Companies Connected to Nature T AR B O HE D YGreen banking certificationAnnual sustainability reports
  • Real world lending ratios Small enough to failTransparency Tightly regulated Transparency D SP IN Connected to Connected to IR M IT Investors Government Finance Companies Connected to Nature T AR B O HE D YGreen banking certificationAnnual sustainability reports
  • Real world lending ratios Small enough to failTransparency Tightly regulated Transparency D SP IN Connected to Connected to IR M IT Investors Government Finance Companies Connected Connected to to Nature Global level T AR B O HE D YGreen banking certification Global financeAnnual sustainability reports transparency network
  • D SP IN IRM IT Governing Informing Nucleus Supporting Regulating T AR B O HE D Y
  • Syntropic Self-Organization • Financial interflows • Regulatory forecasts • Progress indicators Maximizing Ecological Wealth • Key indicators • Ecological capital value • Ecological governance Responsible Governance • Monetary policy, interest rates, inflation • Taxation • Benefits, welfareBuilding a Desirable Future• Future-Oriented Investments• Directed subsidies and tax-breaks• Training and retraining
  • The Flexibility of Capitalism Community Engaged North Drug Korea tradeTotally regulated Not regulated100% state controlled 100% free market
  • The Flexibility of Capitalism Community Engaged Neo-liberalism North Drug Korea Canada USA tradeTotally regulated Not regulated100% state controlled 100% free market
  • The Flexibility of Capitalism Community Engaged Japan Neo-liberalism North China Scandinavia Drug Korea Canada USA tradeTotally regulated Not regulated100% state controlled 100% free market
  • The Flexibility of Capitalism Community Engaged Progressive centrism Japan South Korea South Korea 1950-1990 1990 - Neo-liberalism North China Scandinavia Drug Korea Canada USA tradeTotally regulated Not regulated100% state controlled 100% free market
  • The Flexibility of Capitalism Community Mondragon Engaged Emilia Romagna Progressive centrism Japan South Korea South Korea 1950-1990 1990 - Neo-liberalism North China Scandinavia Drug Korea Canada USA tradeTotally regulated Not regulated100% state controlled 100% free market
  • So What are the Remedies?OMEGA E - Equitable Economy1. Redefine Wealth, so that it is no longer just money. New indicators. OMEGA E - Equitable Economy  R edefine wealth, so that it is no longer just money.2. Shift toSh i f t to Real Sustainable Banking. Every investment requires sustainability. State banks.  Real Sustainable Banking Every  Sjail-time for negligence and recklessness, tricks and games.North Dakota State bank. Private + investment requiresthe Regulated, and re-assertIntroduce acontrol regulations, with e p arate the Regulators from sustainability. financial Financial Transactions credit unions. Financial Transactions Tax. and the 5-year rule restricting Tax. Re-assert conflict of interest rules in the financial sector, employment transfers between industry and its regulating or related agencies. Re-impose the pre- 2000 commodities trading rules, to end financial speculation. Financial Activities and Investment Reform Act (FAIR)3. Separate the Regulators from the Regulated  R eform the tax system, to reduce inequity and make it fair. Re-impose wealth and inheritance Re-assert financial control regulations. Jail-time for negligence and recklessness. taxes, close the loopholes. 1. Close the world’s tax havens, and recapture all flight capital. Close down the world’s tax Financial Activities and Investment Reform Act (FAIR) havens, by means of a global treaty, and a Tax Evasion Complicity Law which would make it a criminal offense to knowingly serve as a fund manager, accountant, trustee, lawyer or corporate nominee for a known tax evader.4. Reform the Tax System. Re-impose wealth and inheritance taxes, close the loopholes. Close the World’s Tax Havens, recapture all flight capital. Global treaty. National Tax Evasion Complicity Laws - criminal offense to knowingly serve as a fund manager, accountant, trustee, lawyer or corporate nominee for a known tax evader.5. New Global Financial and Trade Treaties. Fair Trade Organization. New World Bank and IMF regimes. Progressive centrism allows developing nations to use trade and capital movement barriers.
  • So What are the Remedies?OMEGA M - Meaningful Work OMEGA E - Equitable Economy  R edefine wealth, so that it is no longer just money.1. Think Like a Village. Build an entrepreneurial local culture  Sh i f t to Real Sustainable Banking. Every investment requires sustainability. State banks.  S e p arate the Regulators from the Regulated, and re-assert financial control regulations, with and economy. Emilia Romagna jail-time for negligence and recklessness, tricks and games. Introduce a Financial Transactions Tax. Re-assert conflict of interest rules in the financial sector, and the 5-year rule restricting employment transfers between industry and its regulating or related agencies. Re-impose the pre- 2000 commodities trading rules, to end financial speculation. Financial Activities and Investment2. Share the Work, Share the Wealth. Employee share Reform Act (FAIR)  R eform the tax system, to reduce inequity and make it fair. Re-impose wealth and inheritance taxes, close the loopholes. ownership, coops 1. Close the world’s tax havens, and recapture all flight capital. Close down the world’s tax havens, by means of a global treaty, and a Tax Evasion Complicity Law which would make it a criminal offense to knowingly serve as a fund manager, accountant, trustee, lawyer or corporate nominee for a known tax evader.3. Put Your Money Where Your Heart is. Local banking for purpose and social meaning.4. Welfare Reform.5. Go Green. Green business certification program , trading requirements
  • Equitable Earth Economy Principles1. Nature is the planet’s fundamental economy2. A healthy human Earth economy is the self-organized expression of a culture’s desired future on an ecologically sustainable planet3. In a healthy human Earth economy, competition, cooperation are in a permanent dance, watched and overseen by Nature’s limits4. Human nature is fallible, so regulation and fair taxes are essential.5. Nature bats last.
  • Guy Daunceywww.earthfuture.com