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  • Title: Home | Living Economies Forum
    Descriptive info: .. Get our e-newsletter.. Follow us via ….. How to get involved.. Main Menu.. Home.. New Economy 2.. 0.. Ten Truths.. A Healthy Economy.. Earth Balance.. Shared Prosperity.. Living Democracy.. Which Story?.. Healthy Markets.. Market Rules.. Deadly Sins.. Money Rules.. Defining Choice.. Tricked by Hermes.. Purpose of Money.. Phantom Wealth.. Real Wealth/Living Wealth.. Good Debt; Bad Debt.. Debt Slavery.. Living-Wealth Money System.. Greider on the Federal Reconstruction Bank.. Life as Teacher.. Intelligence.. Ancient Wisdom.. Design Elements.. Emergence Displacement.. Action Points.. Beyond High-Tech Fantasy.. Resources.. The Great Turning.. GT in Bullet Points.. Empire.. Plutocracy.. Social Collapse.. Environmental Collapse.. Institutional Pathology.. Earth Community.. Irrevocable Choice.. An Indigenous Perspective.. EC Dialogue.. Earth Community Navigators.. Story Power.. Test Yourself.. Breaking the Cultural Trance.. Meta-Story.. Prosperity Stories.. Security Stories.. Meaning Stories.. Story Change Matrix.. Origin of the Term.. GT Resources.. David Korten.. Blog.. Speaking Schedule.. Calendar Archive.. Affiliations.. Establishment Credentials.. Key Turning Points.. Going International.. Leaving Academia.. Defecting.. Moving Upstream.. Confronting Systemic Evil.. Awakening to Life s Wisdom.. Author Bio.. About Us.. People-Centered Development Forum.. Governing Board.. Staff.. LEF Fellow.. Our Partners.. Navigator Advisors.. Advisory Board.. The Story Revolution.. Foreign Aid Story.. Globalization Story.. No Alternative Story.. Empire Story.. Wall Street Story.. Living Economies Forum Website.. How To Get Involved.. Contact.. Books.. Change the Story, Change the Future.. Agenda2.. Post-Corporate World.. Globalizing Civil Society.. When Corporations Rule the World.. Alternatives.. 21st Century.. Book Discussion Guides.. Media-Interviews.. Articles/Blogs/Reports.. New Development Paradigm.. Presentations.. Agriculture for a Living Earth.. Beyond the Global Suicide Economy.. Can the Global Economy be Fixed?.. Challenge for Higher Education.. Ecological Economics.. Election Reflection 2004.. Follow the Money.. GATE Hollywood Day Presentation.. GATE Hollywood Evening Presentation.. Green Party the New Economy.. How to Liberate America.. Life after Capitalism.. NPA Sacred Earth Community.. New Economy Animation Script.. New Economy Policy Agenda.. Path to a  ...   1991.. 1992.. 1993.. 1994.. 1995.. 1996.. 1997.. YES! Blog.. What’s New.. "Spirit, Justice, and Living Economy for a Living Earth".. , Seattle University, Aug 2014.. "A New Story for a New Economy".. , for YES!, March 2014.. It's a "Story Problem".. , for YES!, July 2013.. The Pursuit of Happiness: A New Development Pardigm.. , Jan 2013.. Sacred Earth.. , University of British Colombia, April 2013.. Afternoon.. and.. evening.. presentations to Hollywood story tellers at.. Global Alliance for Transformational Media.. , Feb 2013.. Web Essay Conversation.. : "Religion, Science and Spirit: A Sacred Story for Our Time", Jan 2013.. ".. What Would a Down-to-Earth Economy Look Like?.. " for YES!, Jan 2013.. Our New Economy Partners.. FOLLOW DAVID KORTEN's.. YES! MAGAZINE BLOG.. Follow David Korten the New Economy on Twitter.. The New Economy.. Imagine an economy in which life is valued more than money and power resides with ordinary people who care about one another, their community, and their natural environment.. Welcome to the New Economy.. It is possible.. Millions of people are living it into being.. Our common future hangs in the balance.. more.. We humans have a brief window of opportunity to navigate the passage from a 5,000 year Era of Empire characterized by domination and violence against life to an Era of Earth Community characterized by peaceful partnership.. This passage to a new level of species maturity promises a more secure and fulfilling life for all.. It is ours to choose.. David Korten presentation to 39th Trinity Institute National Theological Conference on Radical Abundance: A Theology of Sustainability.. David's Story.. Articles.. Our Board.. Learning from Life.. How to Get Involved.. Get Our Email Newsletter.. Emergence Strategy.. Money as a Power System.. System Intervention Points.. Contrasting Visions.. Bullet Point Overview.. Cultural Trance.. Self-Test for Trance.. Resources for Study..

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  • Title: How To Get Involved | Living Economies Forum
    Descriptive info: Successful social movements are emergent, evolving, radically self-organizing, and involve the dedicated efforts of many people, each finding the role that best uses his or her gifts and passions.. Where do I start?.. 1.. First - take a deep breath.. Pause and think about your current circumstances and notice how you are already connected within your community and to what's happening in the world.. Do a reality check of how the current economic scenario is playing out for you and your family.. What are the implications for your household, your work, and your community? What is your story?.. Claim your feelings; identify the issues/topics that make you angry, frustrated, discouraged, excited, encouraged, and/or optimistic.. Make choices and adopt personal practices that support living more simply, reducing consumption and working, shopping, and playing locally.. Consider paying with cash rather than a credit card, and moving your money to a community bank or credit union; look for ways to localize your investments.. (Check out.. The Community Investing Center.. , a one-stop resource for.. individuals.. financial professionals.. ).. 2.. Get informed and stay current.. Learn the "back story" and the "big picture" and dive into subjects that concern, interest, and/or exite you.. Explore this site for David's writings on the.. New Economy.. and the.. Great Turning.. Listen with a discerning ear to mainstream media and practice identifying the underlying fallacies.. Ask questions, challenge inaccuracies, and find news sources you can trust.. Check out.. YES! Magazine's Resource Guide on the New Economy.. - a great list of organizations, initiatives, and library material.. Peruse the resources on the.. New Economy Working Group.. site; there's a myriad of books, articles, and multi-media resources by topic (the New Economy Story, Indicators, the Money System, Shared Prosperity, etc.. Become conversant with and promote exciting initiatives, e.. g.. , re banking - the.. Public Banking Institute.. (and the state banking movement), and the.. New Rules Project's Community Banking Initiative.. 3.. Connect with others.. Initiate conversation about the local (or national) economy with family, friends, and even people in the line at the market.. (For conversation starters: "I'm not very comfortable talking about this, but I'm really concerned about.. " or "I don't know about you, but I'm really  ...   " followed by conversation.. (Also, explore their list of ways to.. Get Active.. !).. Another great film - ".. Inside Job.. 4.. Use your voice.. Share the information you find useful/informative with friends and colleagues via e-mail and word of mouth.. Use social networking (Facebook, Twitter, blogs, etc.. ) to share information; disseminate links to books, articles, organizations, websites, films/videos, and events that resonate with your values and convey your ideas.. Facebook.. : We are active at.. Kat Gjovik.. ,.. Twitter.. : David Korten tweets as.. @dkorten.. Kat Gjovik tweets as.. @thegreatturning.. #agenda2 is a tag for the 2.. nd.. edition of Agenda for a New Economy.. #neweconomy is the general tag we use for most of our Tweets.. Speak, call, and write from your heart.. - Make comments/testify at public meetings on the issues that matter to you; tell your story and why the issue matters; offer solutions.. - Take a city council person, business leader, or person of influence to coffee (or call) to talk about the New Economy.. - Write letters to elected officials, editors of local papers, organizational newsletters, etc.. , and/or submit stories, photos, videos.. - Create a blog or a website to express your concerns AND solutions.. 5.. Join the movement toward a New Economy!.. Find and join an organization that shares your values and interests and is leading the way to a New Economy.. A few possibilities:.. -.. YES! Magazine.. Business Alliance for Local Living Economies.. (BALLE - the national and/or.. local networks.. ).. American Independent Business Alliance.. (AMIBA).. - The.. New Rules Project.. , especially the.. Community Banking Initiative.. Lend your support in ways that work for you - volunteer your time and/or your talents, and/or share your funds to keep these organizations operating.. Show up at community events.. and bring friends.. MORE ways to get involved - from Friends, Partners, and Colleagues.. - YES! Magazine:.. New Economy Resource Guide.. - Small Planet Institute, Frances and Anna Lappe:.. 10 Things You Can Do Now - And Feel Better!.. - Green America:.. Act Now for a Just Planet.. - Public Citizen:.. Get Involved/Action Center.. - United for a Fair Economy:.. Take Action.. - "Economics of Happiness":.. Get Active - What WE Can Do!..

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  • Title: New Economy 2.0 | Living Economies Forum
    Descriptive info: “Imagine an economy in which life is valued more than money and power resides with ordinary people who care about one another, their community, and their natural environment.. It is happening.. Our common future hangs in the balance”.. What's the Economy For?.. The.. site develops the underlying New Economy system framework.. New Economy section.. of the.. website carries daily updates on the people who are living the New Economy into being.. There is broad agreement about the need for a New Economy, but.. strikingly different versions of what that means.. The New Economy 1.. 0 version envisions a magical high-tech fantasy world of limitless growth in mindless consumption.. New Economy 1.. 0 leaves unchallenged the implicit assumption of the old economy that life exists to serve the economy.. It poses no challenge to a money-driven economic system designed and managed by Wall Street corporations to maximize financial returns to their major players.. It leaves in place indicators that count the conversion of the real living-wealth of the many to the phantom financial-wealth of the few as a net gain for society.. It has no plan for dealing with the internal dynamics of a system that by its design drives toward financial instability, wealth concentration, environmental stress, and political corruption.. 0.. begins with a recognition that we humans are living inhabitants of a living Earth and that creative, conscious living in strong healthy communities with strong and healthy families is the foundation of human happiness and well-being.. It further recongizes that the economy has no other legitimate purpose than to serve life, all life, including all the world's people.. It calls for a radical reinvention of our defining economic culture and institutions to create a New Economy that serves all the people all the time.. A Democratic, Market-Based Alternative.. living systems perspective on the New Economy.. outlined here is spelled out in more detail in the 2nd edition of.. , a report of the.. (NEWGroup).. It is further developed in our.. YES! Magazine blog.. , the ongoing YES! New Economy web feature.. Path to a New Economy.. , and our Twitter and Facebook feeds.. See.. new-economy-resources.. for more details.. You will also find a wealth of additional materials in the.. library section.. of this site.. For all the tragic pain created by the financial collapse in September 2008, it is in the larger view a blessing.. Trillions of dollars of phantom financial wealth vanished in the blink of an eye.. The corruption of an economic system that  ...   of Wall Street corporations.. They are the modern equivalent of the courageous patriots who in an earlier day declared their independence from a British king and his crown corporations and launched a new nation dedicated to achieving a daring ideal called democracy.. A Living Systems Perspective.. Most discussions of issues relating to the environment, justice, peace, poverty, race, gender, immigration, crime, values, education, family, and much else focus on actions to alleviate downstream consequences of upstream system failures.. Real, lasting solutions depend on transforming foundational values and institutions in ways rarely discussed in public discourse.. We can tolerate the silence no longer.. Our future depends on navigating the transition to a New Economy that mimics the structures and dynamics of Earth's biosphere.. It begins with a conversation.. The New Economy section of this website provides an initial tutorial and a guide to additional resources.. Ten Common Sense Economic Truths.. outs the false values, assumptions, and logic of the old economy.. A Healthy Economy.. identifies the outcomes of healthy system function, the essential shift in the economy's defining characteristics required to get these outcomes, and a three-fold change strategy.. contrasts the underlying assumptions of the old and new economies and asks you to identify which you find more consistent with your experience and understanding.. explores how a healthy market economy mimics the structure and capacity for rule-based self-organization of a healthy ecosystem.. addresses the money system as a system of power and identifies the design choices that determine whether money flows to the phantom wealth Wall Street economy or the real wealth Main Street economy.. Life as Teacher.. outlines the case for looking to healthy living systems as a source of learning relevant to redesigning the institutional structures of human economies to mimic the structure and dynamics of the biosphere.. Emergence and Displacement.. outlines a three-fold strategy for global scale transformational change through locally-rooted, self-organizing citizen action.. Seven System Action Points.. identifies the critical areas in which policy action is required to shift the advantage from the declining Old Economy to the emerging New Economy.. This is keyed to the New Economy system framework spelled out on our partner.. website.. What's New About this New Economy?.. spells out the differences between two contrasting visions of a New Economy: the magical high-tech fantasy economy and the reality-based living economy.. The latter vision is of more recent origin, and thus the new version.. New Economy Resources.. provides a guide to resources for further study, organizing discussions, and action engagement..

    Original link path: /the-new-economy
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  • Title: Ten Common Sense Economic Truths | Living Economies Forum
    Descriptive info: Ten Common Sense Economic Truths.. The more closely I look, the more obvious it is that the Old Economy fails because it is based on false values, assumptions, and logic.. Those who are working to create a New Economy from the bottom-up intuitively recognize and act on 10 common sense truths foundational to a sound economy.. Photo by Jo Christian Oterhals.. The.. proper purpose.. of an economy is to secure just, sustainable, and joyful livelihoods for all.. This may come as something of a shock to Wall Street financiers who profit from financial bubbles, securities fraud, low wages, unemployment, foreign sweatshops, tax evasion, public subsidies, and monopoly pricing.. GDP.. is a measure of the economic cost of producing a given level of human well-being and happiness.. In the economy, as in any well-run business, the goal should be to minimize cost, not maximize it.. A rational reallocation of real resources can reduce the human burden on the Earth’s biosphere and simultaneously improve the health and happiness of all.. The Wall Street economy wastes enormous resources on things that actually reduce the quality of our lives—for example.. war.. , automobile dependence, suburban sprawl, energy-inefficient buildings,.. financial speculation.. , advertising, and.. incarceration.. for minor, victimless crimes.. The most important step toward bringing ourselves into balance with the biosphere is to eliminate the things that are bad for our health and happiness.. The proper purpose of an economy is to secure just, sustainable, and joyful livelihoods for all.. Markets allocate efficiently only within a framework of appropriate rules to maintain competition, cost internalization, balanced trade, domestic investment, and equality.. These are essential conditions for efficient market function..  ...   making public resource allocation decisions.. This is particularly obvious in the case of economic recessions or depressions, which occur when money fails to.. flow to where it is needed.. to put people to work producing essential goods and services.. If money is the only lack, then make the accounting entry and get on with it.. Speculation, the inflation of financial bubbles, risk externalization, the extraction of usury, and the use of creative accounting to create money from nothing, unrelated to the creation of anything of real value, serve no valid social purpose.. The Wall Street corporations that engage in these activities are not in the business of contributing to the creation of real community wealth.. They are in the business of expropriating it, a polite term for theft.. They should be regulated or taxed out of existence.. Greed is not a virtue; sharing is not a sin.. If your primary business purpose is not to serve the community, you have no business being in business.. The only legitimate reason for government to issue a corporate charter extending special privileges favoring a particular enterprise is to serve a clearly defined public purpose.. That purpose should be clearly stated in the corporate charter and be subject to periodic review.. Public policy properly favors local investors and businesses dedicated to creating community wealth over investors and businesses that come only to extract it.. The former are most likely to be investors and businesses with strong roots in the communities in which they do business.. We properly favor them.. Adapted from.. "10 Common Sense Principles for a New Economy".. originally posted as a YES! blog August 6, 2010..

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  • Title: A Healthy Economy | Living Economies Forum
    Descriptive info: We humans are living beings on a living Earth.. Healthy economies function as healthy living systems.. To secure the human future it is necessary to navigate a transition to a global system of local-rooted, self-organizing,.. real-wealth.. living economies that mimic the structure and dynamics of Earth's biosphere.. Desired System Outcomes.. The healthy planetary system of local living economies we seek will self-organize toward four system conditions:.. Financial Stability.. , which is a natural condition of a financial system devoted to sound productive investment, in contrast to the inherent instability of a.. phantom-wealth.. financial system devoted to predatory lending and speculation on financial bubbles.. It requires creating a.. living-wealth money system.. dedicated to providing financial services responsive to community needs and opportunities.. between aggregate human consumption and the regenerative capacity of Earth’s biosphere to secure the long-term health of people and planet.. The central challenge here is to reduce aggregate material consumption while investing in the restoration of environmental health.. This requires dealing with defects in the current system structure that create an imperative for growth and wasteful forms of consumption.. through the equitable distribution of work and material benefits to secure access for everyone to a healthy, fulfilling means of livelihood through a combination of jobs, household production, entrepreneurship, public services, and gifting.. The central challenge here is to allocate sustainably available material resources with optimal efficiency to meet the needs of all.. This requires dealing with defects in the system structure that deprive a majority of the world’s people of access to an adequate and dignified means of living.. through the active and equitable engagement of every person in making the political and economic decisions that bear on their health  ...   now a term of choice among progressive citizen groups working for an economy supportive of economic justice, environmental sustainability, peace, and democracy.. In this usage, the terms New Economy, living economy, real-wealth economy, and Main Street economy are largely interchangeably.. Tests for Prospective Action.. Will the proposed action support the.. emergence of a new economic system.. that shifts the economy's:.. Defining value.. from money to life.. Locus of power.. from global financial markets to local communities of place,.. Favored dynamic.. from competition to cooperation,.. Defining ethic.. from reckless externalization of costs to responsible internalization, and.. Pri.. mary purpose.. from growing the financial fortunes of the few to assuring the health and well-being of everyone.. Each contemplated intervention is properly evaluated for its contribution to advancing one or more of these essential shifts.. Does it serve life, localize power, foster cooperation, internalize costs, and contribute to the health and well-being of all?.. Three Strategic Interventions.. The Forum supports these outcomes through cooperation with our lead organizational partners on.. three strategic interventions.. :.. Change the cultural stories.. that shape our beliefs about the nature of wealth, the purpose of the economy, and our human possibility.. The Forum's lead organizational partner here is.. Create a new economic reality.. from the bottom up through the restoration of local food systems and other building blocks of our local economies.. The Forum's lead organizational partner here is the.. (BALLE).. Change the rules.. to shift the power advantage from global financial markets to local communities.. The Forum's lead organizational partner here is the.. Institute for Policy Studies.. (IPS).. These three types of interventions also appropriately applied in framing strategies for addressing each of S.. even Critical System Action Points..

    Original link path: /a-healthy-economy
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  • Title: Earth Balance | Living Economies Forum
    Descriptive info: Since 1900, the world has been creating energy inefficient economies and infrastructure dependent on a cheap oil subsidy that nature is now withdrawing.. The subsidy led not only to energy inefficiency, but as well to the inefficient use of virtually all natural resources including water, land, forests, fisheries, soils, waste disposal, and minerals.. It also supported an unsustainable six-fold increase in the human population and, for countries like the United States, the unsustainable global projection of military power to secure access to a disproportionate share of the world’s resources—particularly to oil.. Oil substitutes are an essential, but only partial solution.. The greater attention must go to eliminating the inefficiencies the oil subsidy has supported and bring ourselves into balance with Earth’s natural systems.. According to the consensus recommendation of the scientific community, to stabilize green house gases we must achieve a global reduction in green house gas emissions of 80 percent.. Given the disproportionate responsibility of theUnited States for existing emissions, to fulfill our share of the overall responsibility our target must be closer to 90 percent.. Business as usual is not an option.. Crucial Steps.. Crucial steps toward ecological balance include:.. Compact Communities:.. Personal transportation accounts for another major portion of U.. energy inefficiency because of land use patterns that create auto dependence, fragment our lives, and destroy community.. Rational transportation policies and the reconfiguration of our use of physical space to bring home, work, school, shopping, and recreation into close proximity can eliminate the need for most private vehicles, recover land needed for agriculture, forests, and natural habitat, and help restore the relationships of community essential to human well-being and happiness.. Local Living Economies:.. Healthy ecosystems are everywhere locally rooted, diverse, largely self-reliant in nutrients and solar energy capture, exquisitely adaptive to  ...   to clean air and water.. We will also need an ambitious program aimed at retrofitting existing homes and buildings.. Smart Security.. Waging war.. maintaining the capacity to wage war.. are the most destructive and unproductive of human activities.. Ending war and dismantling the capacity to wage war can yield an enormous social and environmental peace dividend.. Consider the case of the United States, which accounts for roughly.. half of world military expenditures.. We face no conventional military threat.. The use of conventional military force against unconventional enemies only creates new unconventional enemies, as demonstrated in Iraq and Afghanistan and thereby undermines security.. Our most credible security threats come from weather chaos, oil dependence, disruption of food supplies, water scarcity, social breakdown (including organized terrorism) born of extreme inequality, and a collapsing dollar.. A rational U.. security policy would advance a global initiative to renounce war as an instrument of foreign policy, limit our military to a predominantly civilian National Guard home defense force, ala Switzerland, and redirect the human and material resources of the armaments industry to environmental rejuvenation, education, health care, and increasing the energy efficiency of human habitats.. Demographic Transition:.. In a full world with a commitment to equity, every addition to the population reduces the per capita share of resources and increases social tension.. Nature has its own mechanisms for correcting population imbalances through the Malthusian solution of plague, famine, and intraspecies violence.. Population issues are complex and politically controversial, but we ignore them at our peril.. We can leave it to nature to set the upper limit on population size or we can act as a species to manage a demographic transition to a balance between human numbers and our available environmental niche as an act of conscious collective will..

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  • Title: Shared Prosperity | Living Economies Forum
    Descriptive info: An extreme and growing concentration of privatized wealth and power divides the world between the profligate and the desperate, intensifies competition for Earth’s resources, undermines the legitimacy of our institutions, drives an unraveling of the social fabric of mutual trust and caring, and fuels the forces of terrorism, crime, and environmental destruction.. In 2005.. Forbes Magazine.. counted 691 billionaires in the world.. In 2008, only three years later, it counted 1,250 and estimated their combined wealth at $4.. 4 trillion.. According to a United Nations study, the richest 2 percent of world’s people now own 51 percent of all the world’s assets.. The poorest 50 percent own only 1 percent.. In recent years, nearly all the benefits of economic growth have gone to those at the top of the wealth pyramid, as those at the bottom have fallen further behind.. This misallocation cannot be corrected by the internal dynamics of an economic system designed to maximize returns to money, i.. e.. , to people with money.. Resolution depends on the actions of democratically accountable governments to collect excess gains from those the market favors through fees and taxes and to apply them to investment in education, health care, infrastructure and other public goods that serve the public good, with a bias toward securing the wellbeing of those the market denies.. Crucial steps toward shared prosperity include:.. Excess  ...   financial speculation, interest, and passive rent collection—exactly the reverse of current policy.. Jubilee:.. An hereditary aristocracy created and maintained through the intergenerational transfer of private wealth is a threat to democracy, fair share, and earth balance.. Biblical teaching called for a.. “.. Jubilee.. ”.. once each 50 years to restore social balance.. Slaves were to be freed, debts forgiven, and land returned to its original owner.. It is a foundational moral principle that becomes all the more important in our environmentally and socially stressed world.. The estate tax is our modern moral equivalent of the Jubilee, providing a mechanism to restore balance at the end of each life and thereby avoid the accumulation of dynastic wealth.. Economic Democracy:.. Ownership is power.. A society divided between those who own and those do not own is inherently unequal.. Economic democracy, the broad and equitable participation in ownership is an essential foundation of a free and democratic middle class society in which every person shares in the responsibilities, rights, and benefits of citizenship, ownership, and service.. It is also an essential condition of efficient market allocation free of the distortions of monopoly power.. Public policy properly supports universal participation in home ownership and business investment, even as it imposes a progressive service fee on individual assets above the societal median to limit distorting concentrations of wealth and offset their social costs..

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  • Title: Living Democracy | Living Economies Forum
    Descriptive info: A healthy society balances individual liberty with a mutual accountability that nurtures Earth Balance and Fair Share.. We in the.. United States.. have generally stressed the individual liberty side and consequently reduced democracy to a competition between narrowly defined short-term private interests.. This has led to rule by a global financial market that recognizes only the short-term financial interests of the very wealthy and actively disrupts the relationships of mutual caring essential to social health.. Human well-being and survival depend on learning to think and act as a radically democratic living Earth Community in which we share our resources to balance the interests and well-being of the self with the interests and well-being of the whole.. Vandana Shiva and Frances Moore Lappé call it.. living democracy.. We create living democracy by rebuilding the relationship of strong, caring communities and advancing supportive institutional reforms such as the following.. Human well-being and survival depend on learning to think and act as a radically democratic living Earth Community.. Crucial steps toward living democracy include:.. Living Indicators:.. It is odd that we choose to measure our collective well-being and progress by financial indicators such as gross domestic product (GDP) or a favored stock index rather than by living indicators of the health and happiness of our children, families, communities, and nature — measures of true well-being.. As ecological economist Joshua Farley notes, GDP is actually a measure of the financial.. cost.. of maintaining a given level of health and happiness.. Seeking to maximize GDP makes no more sense than trying to maximize health care costs.. A rising stock index is a measure of the rate at which the wealthy few are increasing their exclusionary claims against the real wealth on which all our lives depend, hardly something to celebrate in a world in desperate need of greater equity.. Democratic Elections:.. An open, fair, and honest electoral system is essential to any form of meaningful democracy.. An electoral system that depends on corporate money and turns third party candidates into spoilers creates an appearance of democracy at the expense of real democracy.. Public financing of elections, a secure right of every person to vote and have their vote counted, assured media access, instant runoff voting, proportional representation, elimination of the electoral college, and barring corporations from seeking to influence elections and legislation are all basic democratic reforms essential to  ...   should receive a substantial preference in allocating the broadcast spectrum over absentee corporate owners.. Advertising:.. The proper role of business in Earth Community is to provide Earth friendly products and services in response to human needs, not to create artificial wants.. Advertising beyond informing the public of the availability and features of available products and services has no legitimate place and is not a legitimate business expense.. Simply banning advertising would raise complex Constitutional free speech issues.. There is no Constitutional barrier, however, to requiring that the costs of advertising beyond providing basic information on product availability and specifications be paid from after tax revenues, the same as other forms of speech.. The existing debt-money system is history's most successful con game.. Local Stakeholder Ownership:.. Absentee ownership mediated by global financial markets strips decision-making of all but short-term financial values and exclusive private interests.. Eliminating absentee ownership, broadening ownership participation, and breaking up unaccountable concentrations of corporate power are foundational to living democracy.. A progressive tax on assets combined with tax breaks for firms owned and managed on a cooperative model by their employees, customers, and those who live in the communities where they are located would provide appropriate market incentives.. Making absentee owners personally liable for harms caused by the corporations in which they hold shares would also create a powerful incentive for such restructuring.. Honest Money.. Run by private bankers devoted to the financial interests of themselves and their wealthiest clients, it gives banks the power to create money out of nothing by lending it into existence.. As demonstrated by the recent mortgage lending meltdown, banks find it highly profitable to use this power to finance financial speculation and fraud that reward and enrich social and environmental predators.. See ".. The ABCs of Finance Capitalism.. An honest money system creates money in return for the creation of public value when government spends it into existence for public goods like infrastructure and education.. It distributes money equitably to facilitate life-serving exchange and enriches society by creating a capacity to finance public goods without taxes or borrowing.. Replacing debt-money with honest-money is one of the most important elements of an Earth Community agenda.. It is also one of the most difficult to implement, because debt-money serves powerful interests and its ability to scam the public is invisible to most of its billions of victims..

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  • Title: Which Story? | Living Economies Forum
    Descriptive info: The Old Economy and the New Economy are based on sharply contrasting stories.. Which has the greater currency in the public culture? Which, by your experience, is the more valid? What’s your story?.. Old Phantom-Wealth Casino Economy.. New Real-Wealth Living Earth Economy.. Defining Slogan.. The one with the most toys wins.. We all do better when we all do better.. Human Nature.. We humans are by nature motivated to pursue individual self-interest and material acquisition.. Cooperation in service to some greater community good is contrary to our nature.. We humans are complex beings of many possibilities.. The mature consciousness finds joy in cooperation, caring, and service to others.. Greed, violence, and extreme individualism are symptoms of psychological dysfunction.. Money.. Money is wealth and those who make money are creating new wealth that ultimately trickles down to benefit us all.. Money is a mere number, an accounting chit.. Those who make money unassociated with the creation of anything of real value are engaged in a form of theft.. Markets.. Free from taxes and government regulation, the market rewards in direct proportion to individual contribution turns the pursuit of individual financial advantage into greater  ...   to our individual and collective happiness, security, and general well-being.. We all do better when we look out for one another and invest collectively in community and environmental health.. Rules.. Our economic system is sound.. Deficiencies are best resolved by eliminating distorting rules and taxes.. Our fatally flawed economic system undermines our well-being and threatens our survival as a species.. We must replace it with a new system based on community values and valid assumptions.. System Alternatives.. The only alternative to the excess of global capitalism is the oppressive and unproductive state tyranny of socialism/communism.. Capitalism and communism both centralize and concentrate economic power in unaccountable institutions.. The better option is a system of properly regulated locally rooted regional economies.. Indicators.. Growth in Gross Domestic Product (GDP) is an indicator of economic progress and growth in the total wealth and well-being of society.. GDP is a measure of the economic cost of producing a given level of well-being.. Economic performance is better assessed against nonfinancial indicators of the health of our children, families, communities, and natural systems.. N.. ote that this page may be copied and used as an effective group discussion exercise..

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  • Title: Healthy Markets | Living Economies Forum
    Descriptive info: Many of us have grown up with the idea that markets are the best way to organize economies.. Indeed, markets are one of our most important and effective institutional mechanisms for facilitating self-organization within and between human communities and therefore are an essential part of a living economy.. Yet our experience with the market's often devastating failures properly leads to a healthy skepticism.. Capitalism as a Market Pathology.. Contrary to what we have been taught by free market ideologues and corporate media, the market is not a license to forgo personal responsibility in favor of unrestrained pursuit of individual greed in disregard of social and environmental consequences.. In truth, the market economy of our experience is the terminal stages of succumbing destruction by a deadly economic cancer called capitalism.. The following essential conditions of healthy market function are well established in real market theory, in contrast to free market ideology.. Buyers and sellers must be too small to influence the market price.. Income and ownership must be distributed equitably with no extremes of wealth or poverty.. Complete information must be available to all participants, and there can be no trade secrets.. Sellers must  ...   Wall Street economy demonstrates.. It is instructive that these same conditions are essential foundations of a real democracy.. The capitalist drive to acquire private concentrations of corporate monopoly power is the mortal enemy of real markets.. and.. real democracy.. To maintain efficient market function, markets must have clear and enforceable rules designed to maintain these conditions and thereby create healthy markets free from the economic cancer of capitalism.. Markets Need Rules.. In every aspect of civilized society we assume that mature adults will act responsibly in their relationships with others.. We have rules and penalties for those who do not.. Markets are no different.. This fact is well understood by serious market scholars, in contrast to free market ideologues.. The larger the corporation and the "freer" the market, the greater the corporation's ability to force others to bear its costs and thereby subsidize its profits.. Market fundamentalists call it "economies of scale.. " More thoughtful observers call it theft.. Appropriate market rules maintain the necessary conditions of socially efficient market allocation to balance individual and collective interests and maximize the well-being of all.. This translates into ten rules for socially efficient markets.. more..

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  • Title: Ten Rules for Socially Efficient Markets | Living Economies Forum
    Descriptive info: Ten Rules for Socially Efficient Markets.. The following are ten market rules or principles well established in market theory that are essential to the New Economy.. Rule 1: Value life more than money.. Life rather than money is the appropriate standard for evaluating economic choices and performance.. Generally the best indicators of the health of human societies center on the condition of the most vulnerable among us.. For example, we might ask how many more people enjoy secure and adequate diets this year over last.. Being our most vulnerable members, the status of children is an especially sensitive indicator.. Know the rates of infant mortality, childhood malnutrition, teenage crime, and out-of-wedlock pregnancies and you have a remarkably clear picture of a society’s state of health.. For natural systems, biodiversity and the size of fragile fish, bird, and frog populations are excellent indicators of the state of ecosystem health.. Taking life as the measure requires developing new tools for making choices as to how we will use our productive resources and for measuring market performance by it’s contribution to healthful living.. Rule 2: Put the costs on the decision maker.. One of the market’s greatest strengths is its capacity for self-organization.. These decisions, however, will best balance individual and public interests only to the extent that the private decision maker bears the full costs of his or her decisions.. This is one of the most foundational and widely accepted of market principles.. An unregulated market dominated by powerful global corporations with the economic and political power to externalize their costs onto the wider society allocates very imperfectly and creates powerful incentives for irresponsible behavior.. Rule 3: Prohibit unregulated monopolies and absentee ownership.. In an economy comprised of many smaller buyers and sellers, no individual or firm is able to have a consequential influence on market price—thus maintaining pressure for efficiency and preventing any firm from capturing unearned monopoly profits.. Human-scale firms in which participants can maintain relationships of mutual trust, caring, and accountability have other important benefits.. They tend to be highly productive and innovative, contribute to building and maintaining the social fabric of the community, and provide a more satisfying work life for their members.. There is less need for hierarchy and bureaucratic control and greater possibility for real participation in decision making.. Rule 4: Distribute wealth equitably.. One of the most important benefits claimed for the market is that it sets priorities based on the real preferences of consumers and thus achieves a democratic and socially efficient allocation of resources.. Since one dollar equals one vote in a market economy, this claim rests on a strong—but rarely stated assumption—that income and assets are distributed equitably throughout the socity.. A global economy in which those with incomes of less than a dollar a day are competing with others with incomes of more than a million dollars a day will not  ...   rights have a limited place, but should be defined narrowly and granted for limited periods of time following the basic principle that the public interest is best served by the free and open sharing of information and technology.. Rule 7: Maintain diversity and self-reliance.. The model of a global system of diverse local bio-communities that function with a high degree of self-reliance in energy and materials is a key to insulating local communities from the instability of the present global economy.. A community engaged in the use of its own resources to meet its own needs is more likely to manage its environmental resources responsibly for the long-term and less likely to experience major economic shocks because an absentee owner decides to relocate a factory or changing market conditions in a distant land result in the loss of a market or supply of such essentials as food or energy.. Rule 8.. Manage your borders.. Preference for self-reliance does not mean closing one’s borders, but it does require managing them to assure that that the conditions of mutually beneficial exchange are being fulfilled as recognized by trade theory.. Among these conditions, trade must be fair and balanced financially and environmentally.. —.. and ownership of the means of production must be national.. So long as trade is balanced and ownership is local, there will be little of the economic instability and colonization that come with long-term flows of financial capital.. Rule 9: Maintain an ethical culture.. Market ideologues deny both its possibility and its importance—elevating pathology to the status of a social good and teaching that altruistic behavior is naive and socially counterproductive.. Yet it is self-evident to any thinking person that ethical behavior and an ethical culture are essential to both the efficient function of the market and the general health of the society.. The importance of ethical behavior should be a central theme of any valid economic theory and an essential subject of public, religious, and scientific education.. Rule 10: Recognize Government’s Necessary Role.. Government is the necessary guardian of many of the conditions essential to efficient market function, such as maintaining public infrastructure, protecting the rights of living persons, limiting the growth of individual firms, assuring that costs are internalized and equity is maintained, providing incentives for full disclosure and sharing knowledge, and managing border cross border flows.. We grant government coercive powers specifically because they are essential to its role in protecting our rights and freedoms from those who would abuse them.. We can no more afford to eliminate government’s role in regulating the market than we can eliminate its role in enforcing traffic rules or laws relating to theft, rape, and murder.. These ten rules of efficient markets frame the essential elements of a New Economy policy agenda.. _______.. Abstracted, adapted, and updated from David Korten,.. When Corporations Rule the World.. The Post Corporate World: Life After Capitalism..

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