16 building blocks of a green, entrepreneurial, cooperative, caring economy
TRANSCRIPT
Sixteen Building Blocksof a Green, Entrepreneurial, Cooperative
Caring Economy
By Guy Dauncey www.earthfuture.com
The transition from a capitalist to a cooperative economy
could be one of the defining achievements of the 21st century
Green
Entrepreneurial
Cooperative
Caring
O
G
E
M
AA NEW ECONOMY
Capitalism was built over time, block by block…
Capitalism was built over time, block by block…
Private Property
Ownership
Capitalism was built over time, block by block…
Private Property
Ownership
The Marketsystem
Capitalism was built over time, block by block…
Private Property
Ownership
The Marketsystem
Double EntryBook Keeping
Capitalism was built over time, block by block…
Banking
Private Property
Ownership
The Marketsystem
Double EntryBook Keeping
Capitalism was built over time, block by block…Limited Liability
Banking
Private Property
Ownership
The Marketsystem
Double EntryBook Keeping
Capitalism was built over time, block by block…Limited Liability
Banking
Private Property
Ownership
The Marketsystem
Double EntryBook KeepingContract Law
Capitalism was built over time, block by block…Limited Liability
Banking
Private Property
Ownership
The Marketsystem
Double EntryBook Keeping
Credit Cards
Contract Law
Capitalism was built over time, block by block…Limited Liability
Banking
Private Property
Ownership
The Marketsystem
Tax HavensDouble EntryBook Keeping
Credit Cards
Contract Law
We must build the Green Entrepreneurial Cooperative Caring Economy
in the same way: Block by Block
StrengthenEntrepreneurialism
1
Support for Business Start-Ups
Helping people to start businesses and coopsincluding women, youth, First Nations, minorities…
www.startupcommunities.ca
Train New Entrepreneurs
Youth enterprise in schools
Since launching in 2012:•85,000 members and 400 business support providers•Mentored more than 20,000 entrepreneurs•Worked with more than 5,000 startup businesses•Facilitated the development of 25+ entrepreneur co-working spaces, and major enterprise initiatives•Launched 20 startup community hubs from St. John’s to Smithers•Mobilized $25m in investment and in-kind resources from 500 volunteers and industry partners
Build A Regional Business Network
Businesses and cooperatives working together to build the regional economy
2
Emilia Romagna, Italy• Population 4.4 million• $$$, top ten European regions• 32% self-employed• 76% work in small business with 4-5 workers• Italy’s 4th largest exporter• 400,000 enterprises• 7,500 cooperatives• Strong tradition of reciprocity, regional economy mutual support, financed by 0.4% levy on sales •Regional credit system with close ties to local enterprises• Lowest unemployment• Highest rate of citizen satisfaction in Italy
Cooperating Together
Half a million businesses in the region pay a 0.4% levy on sales to local inter-business organizations.
In return, they receive support with financing, training, research, development strategies
and export efforts.
Start New Cooperatives
1,250 coop members in industry, agriculture and services,
employing 150,000 people. Under Italian cooperative law each coop pays 3% of its annual surplus into a national fund
for cooperative development.
3 Build Community Development Corporations
New Dawn Enterprises, Sydney, Nova Scotia, Incorporated 1976
Founding Member of the Canadian CED Network.
New Dawn employs 175 people through its companies and projects.
Companies with more Women Board Directors experience higher financial performance
Catalyst Bottom Line
Transform Banking
4
Triodos, HollandThe World’s Greenest Bank
Credit Unions
500,000 members
Microlending
Zero-Interest Banking
“Together We Make More”
5 Start Community Currencies
“Spending Bristol Pounds acts like a plug to stop money leaking out of Bristol, making a stronger local economy.”
£300,000 in circulation after one yearBacked by Pounds Sterling, held in trust account
6 Inter-Business Cooperative Credit
WIR Bank, Switzerland. Founded 1934wirtschaftsring = ‘Community economic circle’
Asset based electronic currency62,000 members, $3.5 billion assets
WIR Bank operates as a counter-cyclical influence whenever there is a downturn, and credit dries up.
Transform the Corporation
7
Benefit Corporations
Benefit Corporations
Benefit Corporations in VancouverAquatic InformaticsAroundsquare Ltd
Big Room Inc.Brix Media Co.
Climate Smart Business, Inc.Ethical Bean Coffee
Fairware Promotional Products.Flipside Creative
HootsuiteJunxion Strategy
Kent Employment LawLeverage Lab
Light Trail ConsultingLunapads
Mills Office ProductivityPyrrha
Realize StrategiesRecollective Consulting
Renewal FundsRTOWN
Saul Good Gift CoSave On MeatsSES ConsultingSMAK Food Inc
soulpepperSPUD
Sustainability TelevisionYulu Public Relations Inc.
Treating Nature as a Being to Respect
not a Resource to Exploit
8
Counting and taxing Nature’s external costs Regulating effectively to protect habitat
Compassionate care for farm animalsFully protected habitat zonesA green restorative economy
100% sustainable fisheries100% sustainable forestry100% renewable energy
100% organic farmingZero waste
An Ecological Economy
Green Business Certification
9Make a planned transition to
100% Renewable Energy
Price of Solar Module
per Watt
1977: $77
1997: $7
2013: $0.7
Germany
73 RE Regions60 Starter Regions3 Urban Regions22 million people
Grist, November 2014
Grist, November 2014
Grist, November 2014
Australian/Chinese Brighsun Bus1027 km on one charge
By 2025, Holland is preparing to ban the purchase of gas and diesel cars
Almost 400,000 advance orders placed for The Tesla Model 3. $35,000 US
320 kilometres range
Future Scania electric truck, recharging by an inductive roadway.
Passive Houses, Victoria90% reduced heat loss
Brussels, BelgiumSince 2015, all new buildings and retrofits are
required to be Nearly-Zero Energy, based on the Passive House Standard.
Almost Twice as Many Green Jobs in Canada
By Guy Dauncey
800,000 fossil fuel jobs lost 1,000,000 green energy jobs gained
Reduce PovertyInequality
Unaffordable Housing and Homelessness
10
Tax Reform
Eliminate Student Debt
$15 Minimum wage
Basic Income Guarantee
• 25 First Nations MPs in Ottawa• BC’s Premier a First Nations woman• Free college education• Land treaties signed across the country• First Nations people becoming teachers,
lawyers, doctors, engineers, politicians• Westshore coal terminal at Tsawassen a
centre for First Nations history, celebration, tidal energy & eelgrass recovery.
Some First Nations Breakthroughs by 2032
11
Vancouver Average House PriceJanuary 2016
Single Family: $1,850,000
Vancouver Average House Prices, January 2016
Condo: $1,200 per sq. ft.
Super InTent City, Victoria Courthouse
Eliminate Homelessness
in Medicine Hat, Saskatchewan
Renovate and Transform the Rooming Hotels
Temporary Tiny Homes Zones on Vacant Land
Boneyard Studios, Washington DC
Developer incentives to build 100% rental properties
Zoning requirements to include 20% affordable & family-oriented
Rezone Single Family Areas
to allow affordable townhouses
Seattle’s property tax levy has enabled the construction of 12,500 apartments with
below-market rents.
An affordable housing tax levy
Escalating taxes on properties left empty
Escalating property transfer tax on top-end real estate sales
Speculation tax on properties flipped within a year
Offshore tax on homes bought through tax-havens
An Inheritance Tax on Estates above a certain value
Affordable Housing Tax on AirBNBs
67% of Vancouver AirBNBs are for whole house or apartment
Pour all the new money into building Affordable Housing
Marine Court Housing Cooperative, Vancouver
Shipping Container
Homes
280 sq. ft.
12 units, base cost
$85,000 each
Car-Free Laneway Housing
No parking permits, rainwater collection, zero-net energy
www.loftcube.net
Rooftop Housing
Protect Public Ownershipand the Role of Government
12
HealthcareEducation
Social SecurityInsuranceUtilities
Affordable HousingPublic Banking
Research & DevelopmentEffective Regulation
The Entrepreneurial State
“It is indisputable that most of Apple’s
best technologies exist because of the
prior collective and cumulative efforts driven by the State.”- Mariana Mazzucato
Create Public Banks13
40% of all banks in the world are Public Banks
GermanyHollandHungaryIndiaJapanMacedoniaMexicoNew ZealandNorwayPolandRussiaSloveniaSouth Korea
SpainSwedenSwitzerlandSyriaTaiwan
Banks create credit out of thin air “credit” = “credo” = “I trust”
“When banks extend loans to their customers, they create money by crediting their customers’
accounts.” - Sir Mervyn KingGovernor of the Bank of England, 2003-2013
A Public Bank creates credit the same way private banks do
When a private bank creates money, the interest earned returns
to its investors
When a credit union creates money, the interest earned returns
to its members
When a public bank creates money, the interest earned returns
to the public
In post-war Japan, Taiwan, South Korea and now China, public banking has been at the core of their development success.
In Germany, 432 public municipal savings banks and 1116 cooperative banks provide two-thirds of all lending to Mittelstand companies, 43% of lending to all companies and households, and 70% of domestic lending.
In Australia, for most of the 20th century the publicly-owned Commonwealth Bank of Australia was the nation’s central bank.
In Alberta, the publicly-owned Alberta Treasury Branches provide financial services to 680,000 Albertans, serving 242 communities.
In New Zealand, the publicly owned Kiwibank, established in 2002, has 800,000 customers, operating through the Post Office.
PUBLIC BANKING AROUND THE WORLD
Founded in 1919 by the Non-Partisan LeagueLoan Portfolio of $2.6 billionLowest unemployment in US
No state budget deficit
Mission “to deliver quality, sound financial services
that promote agriculture, commerce and industry in North Dakota.”
Much of its loan portfolio is participation loans to local community banks,
mostly businesses and farms.
By doing this, BND expands the lending capacity of North Dakota’s community banks,
and absorbs some of the risk.
“More profitable than Goldman Sachs, has a better credit rating than JP Morgan and Chase,
and hasn’t seen profit growth drop since 2003.
Meet the Bank of North Dakota, the U.S.’s lone state-owned bank.
Return on equity (…) is 18.56%, about 70% higher
than at Goldman Sachs and J.P. Morgan.”November 19, 2014
Re-instate the pre-1974 powers of the Bank of Canada
The Public Bank of British Columbia, est. 2021
• Stores government and crown agency revenues• Creates new money by the act of lending• Saves taxpayers up to 50% in interest costs on critical
infrastructure like bridges, trains and schools • Eliminates billions in bank fees and money management
for cities and the province• Supports community bank loans to clean energy, building
retrofits, farms, First Nations projects, value-added forestry, hi-tech, community development corporations, small businesses, students.
• Provides counter-cyclical relief by issuing credit at low or zero cost to revitalize infrastructure and other services
Re-instate the pre-1974 powers of the Bank of Canada
New Ways of Measuring Progress
14
Guy Dauncey 2013 www.earthfuture.com
Gross Depletion of the Planet
+ Yield - Costs= Profit
Craft a New Green, Sustainable
Economics Profession
15
Five Star Thinkers of a Socially Just Economy
Mariana Mazzucato Muhammad Yunus
Ellen BrownHa-Joon ChangThomas Piketty
Build a A New GlobalFinancial Architecture
16
Close Down the Tax Havens
The Panama Papers
Abolish Every Tax Haven
Two Organizations Doing Great Work for a New Economy
New Economics Foundation London, UK
www.neweconomics.org
New Economy CoalitionUSA
www.neweconomy.net
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
BenefitCorporations
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
BenefitCorporations
Green Business
Certification
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
BenefitCorporations
100%Renewable
Energy Region
Green Business
Certification
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
BenefitCorporations
EntrepreneurialState
100%Renewable
Energy Region
Green Business
Certification
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Public Banking
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
BenefitCorporations
EntrepreneurialState
100%Renewable
Energy Region
Green Business
Certification
We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block
Public Banking
Regional BusinessNetworks
Cooperatives Support Networks
Help withBusiness Start-Ups
Community Dev. Corporations
BenefitCorporations
EntrepreneurialState
100%Renewable
Energy Region
Genuine Progress Indicators
Green Business
Certification
The transition from a capitalist economy to a green, entrepreneurial cooperative economy
could be one of the defining achievements of the 21st century.
www.slideshare.net/GuyDauncey
www.journeytothefuture.ca
Guy Dauncey 2013 www.earthfuture.com
www.earthfuture.com