Each of us can make a positive difference by stepping up and doing our best / Becoming Planet Citizens
New Economy Movement
A New Economy -- Diverse & Innovative
GreenPolicy360 continues development of a New Economy with "Eco-nomics"
A Vision of a "Cooperative Commonwealth"
- Eco-Watch 2019
New Economic Thinking
In the U.K. the Green New Deal Group began to use the term "Green New Deal" in 2007 and launched a landmark report on 21 July, 2008 calling for a "Green New Deal". The group consisted of two former directors of Friends of the Earth, the Guardian's economics editor, Larry Elliott, the Green Party MEP Caroline Lucas and Andrew Simms of the New Economics Foundation...
A Global Green New Deal by Edward Barbier
- Published by Cambridge Press / 2010
New Economics in the U.K.
Rebooting the UK’s Green New Deal
Lessons from the last 10 years – and challenges for the next
Green New Deal: UK & US
Economics for the Many, edited and with an introduction by John McDonnell, Shadow Chancellor of the Exchequer, features contributions from the participants in his New Economics conferences, including Nick Srnicek, Ann Pettifor, Prem Sikka, and Guy Standing. It covers topics from housing, public ownership, and fairer international trading systems to industrial policy for the twenty-first century and how to tackle tax avoidance and regional imbalances. Together, the essays in this volume lay out a vision for a new economics, one that works for the many, not the few.
In her essay 'To Secure a Future, Britain Needs a Green New Deal', Ann Pettifor makes a compelling case for change in the way Britain handles renewable energy.
The era of procrastination, of half measures, of soothing and baffling expedients, of delays, is coming to its close. In its place, we are entering a period of consequences.
Britain needs a Green New Deal to Build a Sustainable, Stable Economy
If Britain is to secure a sustainable, stable and liveable future for the people of Britain, then implementation of the Green New Deal will be vital. Not just for the sake of the ecosystem, but also for the sake of rebuilding a stable, sustainable economy.
New Economics in the U.S.
Introducing the "Green New Deal" at the U.S. Capitol
February 7, 2019
Social Media Lights Up, Videos Deluge YouTube
The Green New Deal: Inaction is Not a Choice
Please don’t let the naysayers dim our confidence in our power to step up
Inaction is not a choice. This realization changes everything...
By Frances Moore Lappé
By Joseph Stiglitz / Marketwatch, May 2019
...We can thank former President Ronald Reagan and former British Prime Minister Margaret Thatcher for our current state of affairs. The neoliberal reforms of the 1980s were based on the idea that unfettered markets would bring shared prosperity through a mystical trickle-down process.
We were told that lowering tax rates on the rich, financialization, and globalization would result in higher standards of living for everybody.
Instead, the U.S. growth rate fell to around two-thirds of its level in the post-war era — a period of tight financial regulations and a top marginal tax rate consistently above 70% — and a greater share of the wealth and income from this limited growth was funneled to the top 1%.
Instead of the promised prosperity, we got deindustrialization, polarization, and a shrinking middle class. Unless we change the script, these patterns will continue — or worsen.
Fortunately, there is an alternative to market fundamentalism.
Through a pragmatic rebalancing of power between government, markets, and civil society, we can move toward a freer, fairer, and more productive system. Progressive capitalism means forging a new social contract between voters and elected officials, workers and corporations, rich and poor.
To make a middle-class standard of living a realistic goal once again for most Americans and Europeans, markets must serve society, rather than vice versa...
Stiglitz on "Progressive Capitalism"
'Per Joseph Stiglitiz: This agenda is eminently affordable; in fact, we cannot afford not to enact it. The alternatives offered by nationalists and neoliberals would guarantee more stagnation, inequality, environmental degradation, and political acrimony, potentially leading to outcomes we do not even want to imagine.
Nobel Memorial Prize in “Economic Science” in 2001
The reason that the invisible hand often seems invisible is that it is often not there.
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
"The term commonwealth is as American as Massachusetts, Kentucky, Pennsylvania or Virginia, all of which call themselves commonwealths. It conveys the sense of things we hold in common, including our precious natural resources"
People, Power, and Profits: Progressive Capitalism for an Age of Discontent
... the economic solutions are often quite clear. We need to exploit the benefits of markets while taming their excesses, making sure that markets work for us―the U.S. citizens―and not the other way around. If enough citizens rally behind the agenda for change outlined in this book, it may not be too late to create a progressive capitalism that will recreate a shared prosperity. Stiglitz shows how a middle-class life can once again be attainable by all.
The Price of Inequality: How Today's Divided Society Endangers Our Future
Globalization and Its Discontents
Unless Capitalism Changes
By Drew Hansen
Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale.
• Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (see Center for Health and the Global Environment at Harvard Medical School).
• Since 2000, 6 million hectares of primary forest have been lost each year. That’s 14,826,322 acres, or just less than the entire state of West Virginia (see the 2010 assessment by the Food and Agricultural Organization of the UN).
• Even in the U.S., 15% of the population lives below the poverty line. For children under the age of 18, that number increases to 20% (see U.S. Census).
• The world’s population is expected to reach 10 billion by 2050 (see United Nations' projections).
How do we expect to feed that many people while we exhaust the resources that remain?
We need to build a new system: one that will balance economic growth with sustainability and human flourishing.
The central difference lies in ownership: whereas nobody is sure who owns public companies, startups go to great lengths to define who owns what.
Early in a company’s life, the founders and first recruits own a majority stake — and they incentivise people with ownership stakes or performance-related rewards. That has always been true for startups, but today the rights and responsibilities are meticulously defined in contracts drawn up by lawyers. This aligns interests and creates a culture of hard work and camaraderie. Because they are private rather than public, they measure how they are doing using performance indicators (such as how many products they have produced) rather than elaborate accounting standards... (we must continue to "incentivise people") with a system that values the employee more than what the employee can produce.
"Cooperative Commonwealth conjures more positive associations. Its emphasis on “cooperative” differentiates it... it conveys the sense, unlike hyper-competitive libertarian or neo-liberal or conservative economic philosophy, that we are all in this together and “we all do better when we all do better,” as the economist Jared Bernstein once put it. The notion of cooperation has a long tradition in the United States of barn-raisings, voluntary associations and the values you learn in kindergarten." -- John DeGraaf, 2014, From “The New Economy” to the Cooperative Commonwealth
Alliances, Coalitions, Cooperatives, Networks --- New Economy Models
A developing new American eco-nomics that looks to multiple political-economic solutions.
Among the working models being advanced are:
The New Economy Coalition (NEC) based in Boston, Massachusetts, formerly known as the New Economics Institute. It is a network of over 100 organizations working for what it describes as the "New Economy Movement".
New Economics Institute / Via Wikipedia
The roots of the NEC lay with the Schumacher Center for a New Economics (formerly the E.F. Schumacher Society) which was founded in 1980. In 2010, the NEC partnered with the New Economics Foundation (NEF) to create a new organisation called the New Economics Institute to promote alternative economic models.
New Economics Network
The New Economics Network was created by in 2009 as a loose network of about two hundred organizations working for a 'new economy'. In a lecture for the National Council for Science and the Environment Gus Speth said the organisation wanted to create a sustainable and caring economy.
In 2013, "New Economics Institute" merged with New Economy Network to became the "New Economy Coalition".
The New Economy movement and widely diverse coalition of new economic approaches are often referred to as "the new economy".
A shared belief is that current economic systems needs to be restructured. Front-of-mind is a value that people and the planet should come first, that it is human and sustainable environmental well-being, not demanding economic growth, which should be prioritized.
The new economy draws on economic thought that challenges assumptions of mainstream neoclassical and Keynesian economics.
At GreenPolicy360 we are exploring the field of "eco-nomics". A diversity of new economics are growing and becoming a flourishing voice of change -- ecological economics; sharing economies; progressive capitalism; cooperatives; planning to protect the Commons; 'seventh generation' thinking; peer-to-peer, barter and micro-transactions; localism; fair-trade; earth systems science; 'Buddhist economics'... the diversity of ideas and adaptability of approaches can be said to be "a strategy of survival".
The New Economy movement has been described as ... a far-ranging coming together of organizations, projects, activists, theorists and ordinary citizens committed to rebuilding political economies from the ground up...
"The new economy is about increasing quality of life, improving health, and restoring the environment"
- Books by Joseph Stiglitz -- https://www.amazon.com/Joseph-E.-Stiglitz/e/B000APIKRK
- Joe Stiglitz, "Out in front" -- https://www.ineteconomics.org/search?q=stiglitz
- A new vision, a paradigm shift in development @GreenPolicy360
Via Yes! Magazine - David Korten / 2001 ... Reclaiming the Commons
Via Sojourners / 2013 ... Reclaiming the Commons
Community-Wealth generation - Democracy Collaborative / ... Reclaiming the Commons
Resources for practitioners and policy makers working to build community wealth and a new economy
Gar Alperovitz (note relation to Gaylord Nelson, founder of Earth Day) - Video Keynote at the AAAS Climate Change Summit / American Association for the Advancement of Science's Summit on Climate Change Resilience and Governance
Next System Project - http://democracycollaborative.org/content/next-system-project
Community-wealth generation focus areas:
- Democratization of Wealth
- Community Wealth Cities
- Community Wealth InfoGraphics
- Community Wealth Interviews
- Community Wealth Map
- Wealth Videos
- Anchor Institutions
- The Cleveland Model
- Community Development Corporations (CDCs)
- Community Development Financial Institutions (CDFIs)
- Land Trusts (CLTs)
- Cooperatives (Co-ops)
- Employee Stock Ownership Plans (ESOPs)
- Green Economy
- Individual Wealth Building
- Individual Wealth Preservation
- Local Food Systems
- Municipal Enterprise
- New State & Local Policies
- Outside the U.S.
- Program Related Investments
- Reclaiming the Commons
- Social Enterprise
- Responsible Investing
- State Asset Building Initiatives
- State and Local Investments
- Transit Oriented Development
- University & Community Partnerships
- Worker Cooperatives