Shared Decisionmaking

notes on Dube, Arindrajit and Richard B. Freeman, “Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market” in Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. Eds. Douglas L. Kruse, Richard B. Freeman, Joseph R. Blasi. (Chicago: University of Chicago Press, 2010). ______________________________________ In their research, … Continue reading

B-Corps

A benefit corporation is a class of corporation required by law to create general benefit for society as well as for shareholders. Benefit corporations must create a material positive impact on society, and consider how their decisions affect their employees, community, and the environment. Moreover, they must publicly report on their social and environmental performances using established third-party standards. Benefit … Continue reading

Collaborative Consumption: TED Talks

(notes on videos after each embed) Lisa Gansky: The Mesh In many circumstances, “access trumps ownership” — libraries, public transit, coffeehouses — and the Mesh refers to “meshy” businesses that provide “better things easily shared.” Vectors leading to this new emphasis on sharing: The Recession: we’re recalculating value based on what we’d now consider to be … Continue reading

Viral Spiral: Creating the Internet Commons

my notes on the introduction to Bollier, David. Viral Spiral: How the Commoners Built a Digital Republic of their Own. The New Press, 2009. [I figured I’d get notes up on the introduction so we could all get a good look at the ideas covered in the book, and decide if we want me to go back … Continue reading

The Rise of the New Economy Movement

notes on Alperovitz, Gar. “The Rise of the New Economy Movement.” AlterNet. 20 May 2012. The New Economy movement: The broad goal is democratized ownership of the economy for the 99% in an ecologically sustainable and and participatory community-building fashion. A range of new economic models are being tried out in small scales– Evergreen Cooperative in … Continue reading

Abraham Lincoln on Labor and Capital

from  Meltzer, Milton and Stephen Alcorn, Lincoln in His Own Words. (London: Sandpiper, 2009). 60. “Thinking about the value of labor, Lincoln set down this note:” And, inasmuch [as] most good things are produced by labor, it follows that [all] such things of right belong to those whose labor has produced them. But it has so happened … Continue reading

Off the Pedestal

notes on Speth, James Gustave. “Off the Pedestal: Creating a New Image of Economic Growth.”  Yale Environment 360. 31 May 2011. Economic growth is our favorite thing here in America. The “growth imperative” dominates US political and economic life. There are limits of growth, however. Herman Daly: “if neoclassical economists were true to their trade, they’d recognize … Continue reading

The End of Growth

notes on Daly, Herman. “The End of Growth.” The European Magazine. 05 September 2011. Daly went to the World Bank to work with economists who primarily disagreed with him — “it is of no use preaching to the choir.” At the World Bank, everyone had come from the same elite schools, the same teachers, believing the … Continue reading

America Beyond Capitalism: the Pluralist Commonwealth

notes on Alperovitz, Gar. “America Beyond Capitalism: The Pluralist Commonwealth.” [this was a slightly longer version of another essay, notes on which can be found here. I didn’t repeat myself here, so these two posts should be read in tandem] The most progressive social-democratic proposals based on European precedents are unlikely to be achieved in  more … Continue reading

Reclaiming the Commons

notes on Bollier, David. “Reclaiming the Commons,” an essay based on material included in Bollier, David. Silent Theft: The Private Plunder of our Common Wealth (New York: Routledge, 2002). Who shall control the commons? There is a kind of enclosure process happening to the American commons as it’s being converted into market resources — private appropriation of collectively owned … Continue reading

America Beyond Capitalism: Emerging Context and Key Issues

notes on Alperovitz, Gar. 2006. “America Beyond Capitalism: Emerging Context and Key Issues.” The Good Society 15. (3): 51-56. Our current crisis is more than political — it’s systemic. Truly fundamental values — equality, liberty, meaningful democracy, ecological sustainability — are all increasingly being thwarted by real world practices. The American labor movement is in a state … Continue reading

Herman Daly

And if economics is a religion, Herman Daly is its arch-heretic, a member of the high priesthood turned renegade. From 1988 to 1994, Daly was the World Bank’s senior environmental economist, a lonely voice of dissent in an organization that frowns on unbelievers. During his six-year tenure, Daly, the economist-turned-ecovisionary whose works established ecological economics … Continue reading

Elinor Ostrom

Elinor Ostrom was the recipient of the Nobel Prize in Economics in 2009 — the first woman to achieve the distinction — for her analysis of economic governance, especially the governance of common property like air, water and public spaces. Virtually all the world’s most urgent problems require collective action. Be it environmental protection, the … Continue reading

Dave Korten: A New Economy

http://www.democracynow.org/2009/1/26/david_korten_agenda_for_a_new

New-Economy Movement

The idea that we need a “new economy”—that the entire economic system must be radically restructured if critical social and environmental goals are to be met—runs directly counter to the American creed that capitalism as we know it is the best, and only possible, option. Especially after the recent financial crisis, many new-economy organizations have … Continue reading

The Cleveland Model

Several nonprofit and medical institutions in Cleveland have turned to the Mondragón model for a consortium of businesses that will provide needed services and bolster an impoverished community. The Cleveland model takes us beyond both traditional capitalism and traditional socialism. The key link is between national sectors of expanding public activity and procurement, on the … Continue reading

Talking about Solidarity

Marcos Arruda, “”Solidarity Economy and the Rebirth of a Matristic Human Society” It is economic activity organized for safe and sustainable individual and collective self-development, which implies the shared satisfaction of needs and wants and the co-management of the houses people share in common – the home, the community, the district, the county, the ecosystem, … Continue reading

Solidarity Economy

See here for many many definitions. A Solidarity Economy is defined by: Solidarity, cooperation, and democracy as norms that all people and organizations have to follow if they are to be a part of the Solidarity Economy. The supremacy of labor over capital. Labor is the core of economic life and human development. It is … Continue reading

Triple Bottom Line

The idea of the “triple bottom line” (TBL or 3BL) goes back to 1994, when the phrase was coined by John Elkington. He argued that companies should we working toward three equally important bottom lines: profit, people, and planet (3P). This is a major component of the stakeholder value movement of the 21st century. TBL has become … Continue reading

Capitalism 3.0

notes on Barnes, Peter. Capitalism 3.0. San Francisco: Berrett-Koehler Publishers, 2006. Systemic problem of capitalist democracy: government puts the interests of private corporations before those of its citizens. Neither market nor state alone can be the full answer to the problems — both are flawed. Tragedy of the commons: people will always over-use a commons because … Continue reading