What’s the Next Economic System?

The presenters started out with their understanding that the present economic system is in crisis.  They believed that it will not totally collapse but will continue to deepen until some change to a new system is applied.  They did not know what this economy would be but felt that opening the discussions to everyone needs to be done so that all may contribute to a system that works for everyone.  In reference to the Civil Rights Movement, this movement literally came out of no-where.  It was not predicted by social trends but when arrived, transformed this nation.  The same could be expected in our economic transition.

If the present economic system is not desirable, the next question becomes “what is it exactly do you want?”  We need to start discussing these now in order to come up with solutions to the crisis that we are now in.  In the past, our government had certain players promoting the good faith and common good.  Now we find those players in decay…and the very good possibility that they will not come back under the present system.  The question becomes “What will take its place?”

Some discussion starters to address the impending economic crisis are:

·        In economic decisions, to move away from a pure profit motive

·        Establish a democratic control of banks and money creation

·        A diversification of public and private assets

·        A movement toward locally-owned, controlled, and earth-friendly economic models

·        A model of “Public Utility” administration seemed to work well at one time.  Consider applying the Public Utility administration models beyond utilities – perhaps in other existing private sector situations

·        A move toward reestablishing large companies to a “Public Charter” entity with a public review process

·        Reassert the establishment and protection of all forms of “The Commons”

·        Move away from the use of the Gross National Product (GDP) as an indicator of economic wellbeing

·        Move away from a Growth Economy model and toward one involving sustainability

·        Move toward local controls over investments