At the heart of the world’s problems lies an unsustainable economic system based on self-interest and competition that has failed to secure universal human rights for the majority world, and continues to inflict irrevocable harm on the environment. The international community must now unite around universal solutions based on the principles of cooperation, sustainability and economic sharing.
Globally, we are unsuccessful in living long and happy lives whilst respecting
the limits of the earth's finite resources. Societies in the Global North can learn from Latin Americans, who place greater importance on leading meaningful lives and less emphasis on monetary incomes, says a report by the NEF.
Long before the recent UN proposal for a
Global Economic Council, the Brandt Commission also called for a high-level body
to monitor and coordinate the international economy and development. It
is still a brilliant idea, says James B. Quilligan. Interview by Christiana Wyly.
The inequitable way in which six billion people are using the world's limited resources is a tragedy of the global commons. Radical behavioural changes and unprecedented international cooperation is needed if we are to preserve the natural environment, says Barry Schwartz.
Commons-based societies flourished for centuries until they
were destroyed by the privatisation of formerly shared resources. Modern technology is creating new commons based societies like the free
software community - indicating a renaissance
of 'commonism', writes Christian Siefkes.
get ourselves out of the financial crisis and create the world we want, we
must reboot the economy with a new values-based operating system
designed to support social and environmental balance - one that is locally rooted in strong communities and distributes wealth equitably, says David Korten.
The global financial crisis has cleared intellectual space for new ideas on economy, ecology and well-being. We need to urgently reject our policymakers addiction to growth and promote these alternative, localised economic systems, argues Peter A. Victor.
Rather than continuing to pay off the very people who created this financial crisis, it's time to bite the bullet and start building an economic democracy featuring public banks and
mutual funded holding companies, says Gary Dorrien.