16 Building Blocks of a Green, Entrepreneurial, Cooperative, Caring Economy

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Presentation to the Good Jobs Conference. Canadian Centre for Policy Alternatives, November 21st, 2014, Vancouver. Updated in May 2016.

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16 Building Blocks of a Green, Entrepreneurial, Cooperative, Caring Economy

  1. 1. Sixteen Building Blocks of a Green, Entrepreneurial, Cooperative Caring Economy By Guy Dauncey www.earthfuture.com
  2. 2. The transition from a capitalist to a cooperative economy could be one of the defining achievements of the 21st century
  3. 3. Green
  4. 4. Entrepreneurial
  5. 5. Cooperative
  6. 6. Caring
  7. 7. O G E M A A NEW ECONOMY
  8. 8. Capitalism was built over time, block by block…
  9. 9. Capitalism was built over time, block by block… Private Property Ownership
  10. 10. Capitalism was built over time, block by block… Private Property Ownership The Market system
  11. 11. Capitalism was built over time, block by block… Private Property Ownership The Market system Double Entry Book Keeping
  12. 12. Capitalism was built over time, block by block… Banking Private Property Ownership The Market system Double Entry Book Keeping
  13. 13. Capitalism was built over time, block by block… Limited Liability Banking Private Property Ownership The Market system Double Entry Book Keeping
  14. 14. Capitalism was built over time, block by block… Limited Liability Banking Private Property Ownership The Market system Double Entry Book KeepingContract Law
  15. 15. Capitalism was built over time, block by block… Limited Liability Banking Private Property Ownership The Market system Double Entry Book Keeping Credit Cards Contract Law
  16. 16. Capitalism was built over time, block by block… Limited Liability Banking Private Property Ownership The Market system Tax Havens Double Entry Book Keeping Credit Cards Contract Law
  17. 17. We must build the Green Entrepreneurial Cooperative Caring Economy in the same way: Block by Block
  18. 18. Strengthen Entrepreneurialism 11
  19. 19. Support for Business Start-Ups Helping people to start businesses and coops including women, youth, First Nations, minorities…
  20. 20. www.startupcommunities.ca Train New Entrepreneurs
  21. 21. Youth enterprise in schools
  22. 22. Since launching in 2012: •85,000 members and 400 business support providers •Mentored more than 20,000 entrepreneurs •Worked with more than 5,000 startup businesses •Facilitated the development of 25+ entrepreneur co- working spaces, and major enterprise initiatives •Launched 20 startup community hubs from St. John’s to Smithers •Mobilized $25m in investment and in-kind resources from 500 volunteers and industry partners
  23. 23. Build A Regional Business Network Businesses and cooperatives working together to build the regional economy 22
  24. 24. Emilia Romagna, Italy • Population 4.4 million • $$$, top ten European regions • 32% self-employed • 76% work in small business with 4-5 workers • Italy’s 4th largest exporter • 400,000 enterprises • 7,500 cooperatives • Strong tradition of reciprocity, regional economy mutual support, financed by 0.4% levy on sales •Regional credit system with close ties to local enterprises • Lowest unemployment • Highest rate of citizen satisfaction in Italy Cooperating Together
  25. 25. Half a million businesses in the region pay a 0.4% levy on sales to local inter-business organizations. In return, they receive support with financing, training, research, development strategies and export efforts. 
  26. 26. Start New Cooperatives
  27. 27. 1,250 coop members in industry, agriculture and services, employing 150,000 people. Under Italian cooperative law each coop pays 3% of its annual surplus into a national fund for cooperative development.
  28. 28. 33 Build Community Development Corporations
  29. 29. New Dawn Enterprises, Sydney, Nova Scotia, Incorporated 1976 Founding Member of the Canadian CED Network.
  30. 30. New Dawn employs 175 people through its companies and projects.
  31. 31. Companies with more Women Board Directors experience higher financial performance Catalyst Bottom Line
  32. 32. Transform Banking 44
  33. 33. Triodos, Holland The World’s Greenest Bank
  34. 34. Credit Unions 500,000 members
  35. 35. Microlending
  36. 36. Zero-Interest Banking “Together We Make More”
  37. 37. 55 Start Community Currencies
  38. 38. “Spending Bristol Pounds acts like a plug to stop money leaking out of Bristol, making a stronger local economy.” £300,000 in circulation after one year Backed by Pounds Sterling, held in trust account
  39. 39. 66 Inter-Business Cooperative Credit
  40. 40. WIR Bank, Switzerland. Founded 1934 wirtschaftsring = ‘Community economic circle’ Asset based electronic currency 62,000 members, $3.5 billion assets WIR Bank operates as a counter-cyclical influence whenever there is a downturn, and credit dries up.
  41. 41. Transform the Corporation 77
  42. 42. Benefit Corporations
  43. 43. Benefit Corporations
  44. 44. Benefit Corporations in Vancouver Aquatic Informatics Aroundsquare Ltd Big Room Inc. Brix Media Co. Climate Smart Business, Inc. Ethical Bean Coffee Fairware Promotional Products. Flipside Creative Hootsuite Junxion Strategy Kent Employment Law Leverage Lab Light Trail Consulting Lunapads Mills Office Productivity Pyrrha Realize Strategies Recollective Consulting Renewal Funds RTOWN Saul Good Gift Co Save On Meats SES Consulting SMAK Food Inc soulpepper SPUD Sustainability Television Yulu Public Relations Inc.
  45. 45. Treating Nature as a Being to Respect not a Resource to Exploit 88
  46. 46. Counting and taxing Nature’s external costs Regulating effectively to protect habitat Compassionate care for farm animals Fully protected habitat zones A green restorative economy 100% sustainable fisheries 100% sustainable forestry 100% renewable energy 100% organic farming Zero waste An Ecological EconomyAn Ecological Economy
  47. 47. Green Business Certification
  48. 48. 99 Make a planned transition to 100% Renewable Energy
  49. 49. Price of Solar Module per Watt 1977: $77 1997: $7 2013: $0.7
  50. 50. Germany 73 RE Regions 60 Starter Regions 3 Urban Regions 22 million people
  51. 51. Grist, November 2014
  52. 52. Grist, November 2014
  53. 53. Grist, November 2014
  54. 54. Australian/Chinese Brighsun Bus 1027 km on one charge
  55. 55. By 2025, Holland is preparing to ban the purchase of gas and diesel cars
  56. 56. Almost 400,000 advance orders placed for The Tesla Model 3. $35,000 US 320 kilometres range
  57. 57. Future Scania electric truck, recharging by an inductive roadway.
  58. 58. Passive Houses, Victoria 90% reduced heat loss
  59. 59. Brussels, Belgium Since 2015, all new buildings and retrofits are required to be Nearly-Zero Energy, based on the Passive House Standard.
  60. 60. Almost Twice as Many Green Jobs in Canada By Guy Dauncey 800,000 fossil fuel jobs lost 1,000,000 green energy jobs gained
  61. 61. Reduce Poverty Inequality Unaffordable Housing and Homelessness 1010
  62. 62. Tax Reform
  63. 63. Eliminate Student Debt
  64. 64. $15 Minimum wage
  65. 65. Basic Income Guarantee
  66. 66. • 25 First Nations MPs in Ottawa • BC’s Premier a First Nations woman • Free college education • Land treaties signed across the country • First Nations people becoming teachers, lawyers, doctors, engineers, politicians • Westshore coal terminal at Tsawassen a centre for First Nations history, celebration, tidal energy & eelgrass recovery. Some First Nations Breakthroughs by 2032
  67. 67. 1111
  68. 68. Vancouver Average House Price January 2016 Single Family: $1,850,000
  69. 69. Vancouver Average House Prices, January 2016 Condo: $1,200 per sq. ft.
  70. 70. Super InTent City, Victoria Courthouse
  71. 71. Eliminate Homelessness
  72. 72. in Medicine Hat, Saskatchewan
  73. 73. Renovate and Transform the Rooming Hotels
  74. 74. Temporary Tiny Homes Zones on Vacant Land
  75. 75. Boneyard Studios, Washington DC
  76. 76. Developer incentives to build 100% rental properties
  77. 77. Zoning requirements to include 20% affordable & family-oriented
  78. 78. Rezone Single Family Areas
  79. 79. to allow affordable townhouses
  80. 80. Seattle’s property tax levy has enabled the construction of 12,500 apartments with below-market rents. An affordable housing tax levy
  81. 81. Escalating taxes on properties left empty
  82. 82. Escalating property transfer tax on top-end real estate sales
  83. 83. Speculation tax on properties flipped within a year
  84. 84. Offshore tax on homes bought through tax-havens
  85. 85. An Inheritance Tax on Estates above a certain value
  86. 86. Affordable Housing Tax on AirBNBs 67% of Vancouver AirBNBs are for whole house or apartment
  87. 87. Pour all the new money into building Affordable Housing
  88. 88. Marine Court Housing Cooperative, Vancouver
  89. 89. Shipping Container Homes 280 sq. ft. 12 units, base cost $85,000 each
  90. 90. Car-Free Laneway Housing No parking permits, rainwater collection, zero-net energy
  91. 91. www.loftcube.net Rooftop Housing
  92. 92. Protect Public Ownership and the Role of Government 1212
  93. 93. Healthcare Education Social Security Insurance Utilities Affordable Housing Public Banking Research & Development Effective Regulation
  94. 94. The Entrepreneurial State
  95. 95. “It is indisputable that most of Apple’s best technologies exist because of the prior collective and cumulative efforts driven by the State.” - Mariana Mazzucato
  96. 96. Create Public Banks1313
  97. 97. 40% of all banks in the world are Public Banks Germany Holland Hungary India Japan Macedonia Mexico New Zealand Norway Poland Russia Slovenia South Korea Spain Sweden Switzerland Syria Taiwan
  98. 98. Banks create credit out of thin air “credit” = “credo” = “I trust”
  99. 99. “When banks extend loans to their customers, they create money by crediting their customers’ accounts.” - Sir Mervyn King Governor of the Bank of England, 2003-2013
  100. 100. A Public Bank creates credit the same way private banks do
  101. 101. When a private bank creates money, the interest earned returns to its investors
  102. 102. When a credit union creates money, the interest earned returns to its members
  103. 103. When a public bank creates money, the interest earned returns to the public
  104. 104. In post-war Japan, Taiwan, South Korea and now China, public banking has been at the core of their development success. In Germany, 432 public municipal savings banks and 1116 cooperative banks provide two-thirds of all lending to Mittelstand companies, 43% of lending to all companies and households, and 70% of domestic lending. In Australia, for most of the 20th century the publicly-owned Commonwealth Bank of Australia was the nation’s central bank. In Alberta, the publicly-owned Alberta Treasury Branches provide financial services to 680,000 Albertans, serving 242 communities. In New Zealand, the publicly owned Kiwibank, established in 2002, has 800,000 customers, operating through the Post Office. PUBLIC BANKING AROUND THE WORLD
  105. 105. Founded in 1919 by the Non-Partisan League Loan Portfolio of $2.6 billion Lowest unemployment in US No state budget deficit
  106. 106. Mission “to deliver quality, sound financial services that promote agriculture, commerce and industry in North Dakota.”
  107. 107. Much of its loan portfolio is participation loans to local community banks, mostly businesses and farms. By doing this, BND expands the lending capacity of North Dakota’s community banks, and absorbs some of the risk.
  108. 108. “More profitable than Goldman Sachs, has a better credit rating than JP Morgan and Chase, and hasn’t seen profit growth drop since 2003. Meet the Bank of North Dakota, the U.S.’s lone state-owned bank. Return on equity (…) is 18.56%, about 70% higher than at Goldman Sachs and J.P. Morgan.” November 19, 2014
  109. 109. Re-instate the pre-1974 powers of the Bank of Canada
  110. 110. The Public Bank of British Columbia, est. 2021 • Stores government and crown agency revenues • Creates new money by the act of lending • Saves taxpayers up to 50% in interest costs on critical infrastructure like bridges, trains and schools • Eliminates billions in bank fees and money management for cities and the province • Supports community bank loans to clean energy, building retrofits, farms, First Nations projects, value-added forestry, hi-tech, community development corporations, small businesses, students. • Provides counter-cyclical relief by issuing credit at low or zero cost to revitalize infrastructure and other services
  111. 111. Re-instate the pre-1974 powers of the Bank of Canada
  112. 112. New Ways of Measuring Progress 1414
  113. 113. Guy Dauncey 2013 www.earthfuture.com
  114. 114. Gross Depletion of the Planet + Yield - Costs = Profit
  115. 115. Craft a New Green, Sustainable Economics Profession 1515
  116. 116. Five Star Thinkers of a Socially Just Economy Mariana Mazzucato Muhammad Yunus Ellen BrownHa-Joon Chang Thomas Piketty
  117. 117. Build a A New Global Financial Architecture 1616
  118. 118. Close Down the Tax Havens
  119. 119. The Panama Papers
  120. 120. Abolish Every Tax Haven
  121. 121. Two Organizations Doing Great Work for a New Economy New Economics Foundation London, UK www.neweconomics.org New Economy Coalition USA www.neweconomy.net
  122. 122. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
  123. 123. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks
  124. 124. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks
  125. 125. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups
  126. 126. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations
  127. 127. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations Benefit Corporations
  128. 128. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations Benefit Corporations Green Business Certification
  129. 129. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations Benefit Corporations 100% Renewable Energy Region Green Business Certification
  130. 130. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations Benefit Corporations Entrepreneurial State 100% Renewable Energy Region Green Business Certification
  131. 131. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Public Banking Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations Benefit Corporations Entrepreneurial State 100% Renewable Energy Region Green Business Certification
  132. 132. We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block Public Banking Regional Business Networks Cooperatives Support Networks Help with Business Start-Ups Community Dev. Corporations Benefit Corporations Entrepreneurial State 100% Renewable Energy Region Genuine Progress Indicators Green Business Certification
  133. 133. The transition from a capitalist economy to a green, entrepreneurial cooperative economy could be one of the defining achievements of the 21st century.
  134. 134. www.slideshare.net/GuyDauncey
  135. 135. www.journeytothefuture.ca
  136. 136. Guy Dauncey 2013 www.earthfuture.com www.earthfuture.com

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