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Well-Being as Business Purpose?, Felber
1. Towards a new economic paradigm
Creating an Economy for the Common Good
Univ.-Lektor Mag. Christian Felber
www.christian-felber.at
www.ecogood.org
Paris, OECD, 7th November 2014
2. „Our old economic system will never come back
again. Time has come to build a new one."
Bill Clinton, FTD, Oktober 5, 2012
Time for a change...
6. „The whole economic activity serves the
common good.“
Bavarian Constitution, Art. 151
Goal of the economy
7. „Formation of capital is not an end in itself,
but a means of the evolvement of the national
economy.“
Bavarian Constitution, Art. 157
Constitutional goal
8. „Property obliges. Its use shall also serve
the common good.“
German Grundgesetz, Art. 14
Constitutional goal
9. „Economic activity and private initiaive are free,
within the boundaries of the common good.“
Art. 333, Constitution of Columbia
Constitutional goal
10. „We the people of the United States, in Order to form a more perfect Union, establish Justice (…)
promote the general Welfare.“
Constitution of the United States, Preamble
Constitutional goal
15. National economy (macro level)
Gross Domestic Product > Common Good Product
Enterprise (meso level)
Financial profit > Common Good Balance Sheet
Investment (micro level)
ROI/ROE > Common Good Exam
Measure economic success differently
16.
17. Clear visibility
- 1600 – 0 Common Good points
1 – 250 Common Good points
251 - 500 Common Good points
501 – 750 Common Good points
751 – 1000 Common Good points
19. •Tax cuts
•Lower tariffs
•Lower interest rates for the bank loan
•Priority in public procurement
•Cooperative research with public universities
Legal Incentives
20. •Common good = goal
•conservative business model
•No distribution of profits to owners
•Exit of capital income
•„ecosocial Basel IV“
www.mitgruenden.at
„Bank for the Common Good“
21.
22. Limitation of income inequality (e.g. 20 times)
Limitation of private property (e.g. 10 million €)
democratization of companies (> 250 employees)
Maximum/minimum heritage („democratic gift“)
Negative feedback mechanisms
23. „Private Property is for noone an unconditional or unlimited right.
The ritght to property must not be used at the cost of the common good.“
„Populorum Progressio“
Social Enzyklika, Sn 23-24
Pope Paul VI. 1967
24. •Austria 1000 times
•Germany 5000 times
•US industry 65.000 times
•US financial industry 360.000 times
Top manager : minimum wage
25. 1700 enterprises are supporters
•200 pioneer companies
–Implement the CGBS
•100 „energy fields“
–Vienna, Alto Adige, Berlin, Barcelona, ...
•Consultants, auditors, redactors, speakers, embassadors, researchers, ...
Growing movement