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Book Details
Abstract
Is it possible for businesses to have a bottom line that is not profit and endless growth, but human dignity, justice, sustainability and democracy? Or an alternative economic model that is untainted by the greed and crises of current financial systems?
Christian Felber says it is. Moreover, in Change Everything he shows us how. The Economy for the Common Good is not just an idea, but has already become a broad international movement with thousands of people, hundreds of companies, and dozens of communities and organizations participating, developing and implementing it. Published in English for the first time, this is a remarkable blueprint for change that will profoundly influence debates on reshaping our economy for the future.
'Christian Felber has written that rare article: the genuine game-changer. Easy to read, irrefutable in its principles and comprehensive in its proposals, it's a how-to guide to a better world. At last, it's in English. Don't miss it.'
Susan George, author of Whose Crisis? Whose Future?
'Christian Felber is one of the most brilliant economists in Europe. His vision of the common good is fascinating.'
Jean Ziegler, former UN ambassador on the Right to Food
'We need an entirely new economic system if we are to avert collapse, and Christian Felber's Change Everything points the way. This path-breaking, optimistic book shows that it is possible to have an economy that serves us rather than enslaving us.'
Richard Heinberg, author of The End of Growth
'A timely and important new vision for the purpose of economic activity, moving away from the private accumulation of wealth and towards the common good. A must read for business leaders, economists, activists, civil servants and politicians if we are to have any chance of creating an economy that meets the needs of people and the planet.'
Duncan McCann, New Economics Foundation
'This is a joyful book of hope and possibility. Everything can be changed, including the depressive mindset that there are no alternatives.'
Ed Mayo, Co-operatives UK
'Economy for the Common Good has demonstrated an ability to draw together a partnership of companies, consumers and communities ... by offering a fresh alternative.'
Bruce Watson, Guardian
'Christian Felber’s Economy for the Common Good is a smart, useful answer to the economic chaos and the enormous social suffering that the oligarchs of globalized financial capital have caused on the planet. A great and important book!'
Jean Ziegler, former UN ambassador on the Right to Food
'Christian Felber’s Economy for the Common Good offers a clear analysis that combines pragmatic designs for some of the potential institutions of the next system with a strategy for building a movement that can bring these institutions into being. His accessible articulation of a genuine alternative is an important contribution to an essential global conversation.'
Gar Alperovitz, author, historian, political economist
'Christian Felber shows a pathway that leads to an economy based on love instead of profit, a society based on solidarity instead of greed, and a life based on joy instead of fear. We can all become involved.'
Kosha Joubert, president of the Global Ecovillage Network
'Through the example of a large number of pioneer companies of the Economy for the Common Good, everyone can see that doing business on the basis of a transparent, holistic, value and stakeholder oriented approach is possible. These ethical goals go beyond the dogma of unlimited profit and growth and are indispensable for a humane future on this planet.'
Lisa Muhr, Goddess of Fortune fashion label entrepreneur
'Get involved for concrete alternatives! Get involved in the Economy for the Common Good!'
Stéphane Hessel, former diplomat, essayist and political activist
Christian Felber is an Austrian alternative economist and university lecturer. He is an internationally renowned speaker, author of several award-winning bestsellers and a regular commentator on ethics, business and economics in various media. He co-founded the NGO Attac Austria and initiated the Economy for the Common Good as well as the planned Bank for the Common Good, which will be Austria's first ethical finance institute.
Table of Contents
Section Title | Page | Action | Price |
---|---|---|---|
Front Cover | Front cover | ||
More Praise for Christian Felber | i | ||
About the Author | ii | ||
Title Page | iii | ||
Copyright | iv | ||
Dedication | v | ||
Contents | vii | ||
Acknowledgements | ix | ||
Foreword by Eric Maskin | xi | ||
Preface | xiii | ||
1: A Broken System | 1 | ||
Human Values – Values of the Economy | 1 | ||
Values Are Guiding Lights | 2 | ||
Turning Egoism into Common Good | 2 | ||
Dignity Is the Highest Good | 4 | ||
A Free Market? | 5 | ||
Trust Is More Important Than Efficiency | 6 | ||
The Consequences of the Pursuit of Profit and Competition: The Ten Crises of Capitalism | 10 | ||
2: Defining the Economy for the Common Good | 15 | ||
The Goal of Economic Activity | 15 | ||
Putting the System on a New Course | 17 | ||
Redefining Economic Success | 17 | ||
Measure the Goal, Not the Means | 19 | ||
Measuring the Common Good | 21 | ||
Defining the Common Good | 24 | ||
Demands Made on a Universal Balance Sheet | 28 | ||
Create Market Transparency | 30 | ||
Rewarding Contributions to the Common Good | 32 | ||
Common Good Audits | 34 | ||
Profit as Means | 36 | ||
Permissible Uses of Profits | 37 | ||
Non-Permissible Uses of Profits | 40 | ||
The End of the Compulsion to Growth | 47 | ||
Optimal Size | 48 | ||
Structural Cooperation | 49 | ||
Bankruptcy | 52 | ||
Cooperative Market Regulation | 53 | ||
The Common Good and Globalization | 55 | ||
Social Security and Work Leaves | 57 | ||
Solidarity Income | 58 | ||
Secure Pensions | 59 | ||
3: The Democratic Bank | 61 | ||
Goals and Services | 64 | ||
Transparency and Security | 65 | ||
Financing, Refinancing, Bankruptcy | 66 | ||
Interest and Inflation | 67 | ||
Social and Ecological Credit Assessment | 69 | ||
Eco-Social Venture Capital and Common Good Stock Markets | 70 | ||
Subsidiarity, Democracy, Regulation, Transparency | 71 | ||
Relationship to Private Banks | 72 | ||
The Central Bank and Global Cooperation | 73 | ||
Global Currency Union and Globo | 75 | ||
Regional Money | 76 | ||
Conclusion | 76 | ||
What Are We Waiting for? | 76 | ||
4: Property | 78 | ||
Negative Feedback | 79 | ||
Limitation of Income Inequity | 80 | ||
Restriction of Private Assets | 82 | ||
Democratization of Corporations | 84 | ||
Employee Participation | 86 | ||
Retaining Profits in Companies | 87 | ||
Restriction of the Right to Inherit, Generations Fund and “Democratic Dowry” | 89 | ||
Real Estate | 92 | ||
Inheritance of Enterprises | 93 | ||
Endowments | 99 | ||
“Democratic Commons” | 100 | ||
Ownership of Nature | 103 | ||
Liberty and Equality | 105 | ||
5: Motivation and Meaning | 106 | ||
Motivation | 106 | ||
Meaning | 111 | ||
Childrearing and Education | 116 | ||
6: Advancing Democracy | 122 | ||
We Are the Sovereign! | 127 | ||
Expansion of the Separation of Powers | 128 | ||
A Three-Step Direct Democracy | 130 | ||
Separation of Constituent and Constitutional Power | 138 | ||
An Economic Convention | 141 | ||
A Convention on Education | 142 | ||
A Public Services Convention | 144 | ||
A Media Convention | 144 | ||
A Democracy Convention | 145 | ||
A Three-Pillar Democracy | 146 | ||
7: Real World Examples | 148 | ||
1. Mondragón – The World’s Largest Cooperative (In the Basque Region of Spain) | 149 | ||
2. Sekem – Organic Farming in the Desert (Egypt) | 151 | ||
3. Göttin Des Glücks (“Goddess of Fortune”) and Craft Aid – Eco-Fair Textiles (Mauritius/Austria) | 152 | ||
4. Fair Trade – Appreciating the People Behind the Products (58 Producing Countries) | 153 | ||
5. SEMCO – “Industrial Democracy” (Brazil) | 154 | ||
6. Community-Supported Agriculture (USA and Worldwide) | 156 | ||
7. Regionalwert AG – Regional Equity Capital (Germany) | 157 | ||
8. Ethical Banks in Germany, Switzerland, Italy, the Netherlands and Austria | 158 | ||
9. John Lewis – A Role Model for Employee Ownership (UK) | 160 | ||
10. Gea, Gugler, Sonnentor, Thoma, Zotter – Pioneers in Various Branches (Austria) | 161 | ||
11. Cecosesola – A Multi-Cooperative (Venezuela) | 163 | ||
12. A Solidarity-Based Economy (Brazil) | 164 | ||
13. Open Source (Global) | 165 | ||
14. “Non-Profit” – 170,000 Workplaces in Non-Profit Organizations (Austria) | 165 | ||
15. Satisfaction of Needs and Volunteer Work at No Cost (Anywhere, Anytime) | 166 | ||
8: Putting It into Practice | 169 | ||
1. Pioneer Groups | 171 | ||
2. Substantive Level: Expert Teams | 176 | ||
3. Geographic Level: Local Chapters | 183 | ||
4. Legal Level: International Associations | 184 | ||
Positive Feedback (Reinforcement Mechanisms) | 184 | ||
Strategic Networking | 186 | ||
Paving the Way to the Conventions | 187 | ||
How Can I Participate? | 189 | ||
In Conclusion | 190 | ||
Appendix 1: Frequently Asked Questions | 193 | ||
Appendix 2: Facts, Figures and a Twenty-Point Summary | 214 | ||
Notes | 223 | ||
Bibliography | 231 | ||
Index | 239 | ||
Back Cover | Back cover |