Change Everything: Creating an Economy for the Common Good

Change Everything: Creating an Economy for the Common Good

Language: English

Pages: 192

ISBN: 1783604727

Format: PDF / Kindle (mobi) / ePub


Few people would contest that modern capitalism comes with major costs: it damages the environment, harms workers, and increases inequality, to name just a few. Yet we’re told time and again that those are simply inevitable side effects of the constant need for profit and growth—and that while they may be regrettable, there’s no other way.

Christian Felber disagrees. In Change Everything, he lays out a wholly new vision for a humane economic model—the Economy for the Common Good, or ECG. Not just an idea, but a rapidly growing international movement, ECG is a practical, detailed blueprint for a new way of doing business, a people-centered approach that could sweep away austerity, support human (and humane) development, repair our damaged environment, and utterly reorient our relationship to work, money, and the purpose of both. Its vision is just short of breathtaking, but it remains grounded in reality, as evidenced by the fact that more than 1,700 companies around the world have already endorsed its principles.

Nothing less than a call to re-examine all that we’ve ever been told about how economies work, Change Everything is a ringing manifesto for a new, better age.

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DEFINING THE COMMON GOOD And who “defines” the common good? Within the Common Good movement it is believed that this can only be done through a democratic process of discussion and decision making since the concrete meaning of the concept does not exist a priori and can change in the course of time. Historically speaking the concept dates back to Aristotle and his teacher Plato. It started to be applied precisely by Thomas Aquinas in the thirteenth century: “Bonum commune est melius quam bonum.

In times of crisis. The Democratic Banks could issue such regional complementary currencies in their function as Regional Central Banks. The local democratic sovereigns would decide whether the regional currency in question should become legal tender with – regionally restricted – duty of acceptance. CONCLUSION Through political determination of exchange rates, commodity prices and interest rates (in the form of charges for credit) financial markets would cease to exist; the global financial.

Unit 2.8 The Foundry, 17 Oval Way, London SE11 5RR, UK Originally published in German in 2012 under the title Die Gemeinwohl-Ökonomie. Aktualisierte und erweiterte Neuausgabe by Paul Zsolnay Verlag, Wien, Austria www.zedbooks.co.uk Copyright © Deuticke im Paul Zsolnay Verlag, Wien 2012 The right of Christian Felber to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act, 1988 Typeset in Adobe Garamond Pro by.

6: The Sun or Fox News would form a de facto government. This is another killer argument. But it is not an argument against direct democracy (worldwide), but rather an argument in favour of a law that would prevent concentration of media power. Irrespective of this, can one claim that the Sun or Fox News has no influence on representative democracy? Once again, the conclusion to be drawn is not that representative democracy should be prevented but rather that the power of the Sun and Fox News.

Community. When people compete for scarce goods there are many losers, and most of them fear being affected themselves. And there is another component of motivation when it comes to competition. Aside from fear, competition elicits a form of delight – the delight in triumphing, in being better than someone else. And this is, when viewed from a psychological perspective, a very problematic motive, for the goal of our actions should not be to be better than the others but rather to perform our task.

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