Principles for Designing a New Economy
It’s becoming more and more clear that the current economic design does not have a future; at least not a viable future. If you have not yet come to this conclusion, you probably have not been paying attention. The good news is that a multitude of groups are creatively developing alternative economies. One way to further this work is to clarify the basic principles that we should use in these endeavors. I propose the following for your reflections:
- Integrity: Economic reflections should represent all people’s needs for adequate provisions to live a good life, as well as the whole process of making such provisions from nature’s sources to resources for human and non-human communities.
- A Civic Foundation: The economy must be based on the rights of global citizens and guided by civic conversations grounded in moral equality and reciprocity.
- Fulfillment of Basic Needs: The exercise of human freedom requires an economy that ensures all people have the means to meet such basic needs as food, shelter, clothing, security, health, and integrity.
- Civic Money: Money should function as a means for more effectively providing for one another (through providing credit and paying taxes), instead of a commodity owned of financial institutions.
- Sustainability: All systems of provision, such as the food or housing system, must be designed for planetary sustainability.
- Subsidiarity: The making of provisions for everyone is managed at the level of governance—local, regional, national, or global—where it is most effective in supporting and protecting democratic communities.
- Systemic Justice: Any profit that a system creates should be re-distributed to the whole system through taxes.
- Stop illegal businesses: Trafficking in humans, drugs, and weapons, which now provide significant support for the global economy, must be stopped.