The Economics of Kindness Part 1
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The Economics of Kindness: The Birth of a New Cooperative Economy. Here is the link for Part 2: https://www.slideshare.net/GuyDauncey/the-economics-of-kindness-part-2 Today’s economy has become for many a kindness-free zone, in which most of the benefits go to the rich, while others suffer, and nature is assaulted. Capitalism is based on the competitive pursuit of self- interest, but a new economy is emerging to replace it, based on cooperation and kindness. It is being built in cities and on farms, in new kinds of business and banking, and in new approaches to work. Guy Dauncey is a futurist who works to develop a positive vision of a sustainable future, and to translate that vision into action. His work has been enthusiastically received by environmental activists, politicians, scientists and community planners, including prominent Canadians such as David Suzuki and Elizabeth May. He is the author of Journey to the Future and The Climate Challenge: 101 Solutions to Global Warming.
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The Economics of Kindness Part 1
- 1. Guy Dauncey April 2017 PART ONE
- 3. FOUR THEMES 1. What is an Economy? 2. Business, Banking, Money 3. Nature and Climate 4. Poverty and Inequality I am still developing this presentation: much is omitted due to the constraints of a public presentation. – Guy Dauncey
- 4. 1.What is an Economy?
- 5. What is the Economy? The Neo-Classical View
- 6. What is the Economy? The Neo-Classical View
- 7. Self Interest Homo Economicus
- 10. The Economics of Self-Interest Milton Friedman “The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaux.”
- 11. The 19th Century Economy: A Stable, Complex Machine Economics: A science, Just like physics
- 13. The 20th Century Economy: A Stable, More Complex Machine
- 14. The 21st Century Economy: A Stable, Hyper-Complex Machine
- 16. The Economics of Self-Interest “If any civilization is to survive, it is the morality of altruism that men have to reject.” Ayn Rand
- 20. Guy Dauncey 2013
- 21. Guy Dauncey 2013 GDP = Gross Depletion of the Planet
- 22. Guy Dauncey 2013 Gross Depletion of the Planet Why? To raise cattle, to make hamburgers
- 37. Guy Dauncey 2015
- 38. Guy Dauncey 2013Chris Jordan
- 40. Guy Dauncey 2011©Smithore Dreamstime.com
- 42. CLIMATE CRISIS
- 45. December 2016
- 46. The last time the world was 3C warmer, the sea level was 25 metres higher.
- 47. The Guardian, March 22, 2016
- 48. Vancouver 2 Metres Sea-Level Rise
- 49. Vancouver 20 Metres Sea-Level Rise
- 54. So if we’re not all rational and self- interested, what is our human nature?
- 55. Sweet and Kind?
- 56. Or not so much?
- 58. Kind Loving Gossipy Passionate Selfish Angry Rational Risk-Taker Jealous Mean Visionary Nurturing
- 60. The Economics of Kindness %
- 61. The Economics of Kindness %
- 62. The Economics of Kindness David Sloan Wilson Biologist & anthropologist “Selfishness beats altruism within groups. Altruistic groups beat selfish groups. Everything else is commentary.”
- 63. The Economics of Kindness Homo Economicus Homo Amicus?
- 64. So What is the Economy? Let’s try again
- 65. The Eight Dimensions of the Real Economy
- 66. The Eight Dimensions of the Real Economy Ecological Wealth
- 67. The Eight Dimensions of the Real Economy Ecological Wealth Individual Agency
- 68. The Eight Dimensions of the Real Economy Ecological Wealth Trust
- 69. The Eight Dimensions of the Real Economy Ecological Wealth Trust Future Faith in the
- 70. The Eight Dimensions of the Real Economy Ecological Wealth Trust Future Faith in the Cultural wealth
- 71. The Eight Dimensions of the Real Economy Ecological Wealth Trust Future Faith in the Cultural wealth Community wealth
- 72. The Eight Dimensions of the Real Economy Ecological Wealth Trust Future Faith in the Cultural wealth Community wealth Public wealth
- 73. The Eight Dimensions of the Real Economy Ecological Wealth Trust Future Faith in the Cultural wealth Community wealth Public wealth Private wealth Guy Dauncey, 2017
- 74. Ecological Wealth Trust Future Faith in the Cultural wealth Community wealth Public wealth Private wealth The Real Economy: A complex adaptive system made up interdependent humans in a dynamic living world - Kate Haworth, The Doughnut Economy
- 75. Genuine Progress Indicator Gross Domestic Product (GDP)
- 76. Today’s economy is divisive and degenerative by default. Tomorrow’s economy must be distributive and regenerative by design - Kate Raworth Doughnut Economics: 7 Ways to Think Like a 21st Century Economist
- 77. We need NEW GOALS for our economy Full employment, jobs for all? Reduced inequality, social prosperity? Increased happiness and wellbeing? Harmony with nature?
- 78. COHESIVE CONSENSUS 0 = no resistance. 10 = complete resistance Lowest score = least shared resistance= most cohesive
- 79. 2. Business, Banking, Money
- 80. Typical locally-owned small business Committed to the community Relationships matter
- 81. Typical large corporate business Committed to its owners and shareholders Profit maximization matters
- 83. 1. Articulate a powerful vision 2. Ideas are only as good as their execution 3. World-changing innovation can come from anywhere 4. Operate with integrity 5. Build great products 6. Have confidence 7. Disturb the comfortable 8. Know how to persevere 9. Continuous learning is a priority 10. Network and connect Elon Musk’s Ten Rules for Business Success
- 88. • Recycle more money in the local economy • Conduct themselves more reliably, accountably • Generate a stronger sense of local identity • Owners and staff engage in more civic activity • Give more to local charities Compared to large corporations, locally-owned businesses…
- 90. Green Business Certification Jill Doucette
- 93. Social Business
- 97. Benefit Corporations in VancouverAquatic Informatics Aroundsquare Ltd Big Room Inc. Brix Media Co. Climate Smart Business, Inc. Ethical Bean Coffee Fairware Promotional Products. Flipside Creative Hootsuite Junxion Strategy Kent Employment Law Leverage Lab Light Trail Consulting Lunapads Mills Office Productivity Pyrrha Realize Strategies Recollective Consulting Renewal Funds RTOWN Saul Good Gift Co Save On Meats SES Consulting SMAK Food Inc soulpepper SPUD Sustainability Television Yulu Public Relations Inc.
- 98. An Economy for the Common Good
- 99. “Our economic system is upside down. Money has become a self-purpose rather than a means for what really matters: a good life for all.” – Christian Felber
- 106. Patrons and owners of the George and Dragon Pub, Yorkshire, now a cooperative
- 107. One of 582 owners of ATX Taxi Coop Austin, Texas
- 108. Mondragon, Spain * Network of 100 cooperative businesses Philosophy of participation and solidarity
- 109. 75,000
- 110. Mondragon wage ratios 1:3 to 1:9 US Corporate CEOs 1:350* (*Harvard Business School Study)
- 111. The 150 employee-owners of Chandos Construction $400 million annual turnover Certified B-Corporation Recognized as one of Alberta’s Top Employers 2017 Employee Stock Ownership Plan (ESOP)
- 114. Mentoring and Support for Business and Coop Start-Ups Including Women, Youth, First Nations, Minorities
- 116. We need youth enterprise initiatives in all schools
- 117. Since their 2012 launch • 85,000 members, 400 business support providers • Mentored 20,000 entrepreneurs • Worked with 5,000 startup businesses • Facilitated development of 25+ entrepreneur co-working spaces • Launched 20 startup community hubs across Canada • Mobilized $25m in investment and in-kind resources
- 118. 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 Businesses Cooperating Together
- 121. Elinor Ostrom
- 122. Elinor Ostrom’s Eight Principles for Managing the Commons
- 123. Triodos, Holland The World’s Greenest Bank Social Banking
- 127. Vancity Credit Union 520,000 members $20 billion in assets $5.5 million returned to members last year
- 128. Public Banking
- 129. 40% of the banks in the world are Public Banks Algeria Austria Brazil Bulgaria Caribbean Chile China Colombia Costa Rica Denmark Egypt Finland France Germany Holland Hungary India Japan Macedonia Mexico New Zealand Norway Poland Russia Slovenia South Korea Spain Sweden Switzerland Syria Taiwan
- 130. Mission “to deliver quality, sound financial services that promote agriculture, commerce and industry in North Dakota.”
- 131. “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
- 132. Re-instate the pre-1974 powers of the publicly owned Bank of Canada to create money for positive public purposes
- 135. Socially responsible investing has outperformed the S&P 500 since 1992. (First Affirmative Financial Network)
- 136. Socially responsible investing has outperformed the S&P 500 since 1992. (First Affirmative Financial Network) Canada Responsible Investment Association www.riacanada.ca Where can I find a socially responsible investment advisor? USA Social Investment Forum www.ussif.org
- 137. The Proposal That over time, every business and every bank becomes a Social Business
- 138. The Proposal That over time, every business and every bank becomes a Social Business PHASE 1: 2017-2022. Encouraged as a goal. Praise and Awards.
- 139. The Proposal That over time, every business and every bank becomes a Social Business PHASE 1: 2017-2022. Encouraged as a goal. Praise and Awards. PHASE 2: 2022-2032. Tax incentives. Public purchasing privileges and bid requirements
- 140. The Proposal That over time, every business and every bank becomes a Social Business PHASE 1: 2017-2022. Encouraged as a goal. Praise and Awards. PHASE 2: 2022-2032. Tax incentives. Public purchasing privileges and bid requirements PHASE 3: By 2032. All businesses must adopt social charter as a legal licensing requirement, including annual certification.
- 143. “The process by which banks create money is so simple that the mind is repelled.” - John Kenneth Galbraith
- 144. A. Is it printed by Central Banks, reflecting the quantity of gold in reserves? B. Is it created by Central Banks out of social trust (aka “thin air”)? C. Is it created by Private Banks based on their fractional reserves? D. Is it created by Private Banks out of social trust (aka “thin air”)?
- 146. Public TRUST…
- 147. Public TRUST… Allows money creation…
- 148. Public TRUST… Allows money creation… Allows banking…
- 149. The Bank of Gandalf can create money out of thin air because of social trust.
- 159. Is this a smart redesign of a complex problem? Or a major loss of personal and social trust?
- 160. Quantitative Easing
- 161. Quantitative Easing $12.3 trillion globally $3.7 trillion in the US $110 billion in Canada
- 163. QUANTITATIVE EASING
- 164. QUANTITATIVE EASING
- 165. Quantitative Easing inflates housing prices
- 171. Useful innovation, speculative bubble, or tax-evasion scheme?
- 175. Guy Dauncey April 2017 PART TWO
- 176. 3. Nature and Climate See PART TWO www.slideshare.net/GuyDauncey/the-economics-of-kindness-part-2 4. Poverty & Inequality
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