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---------- Forwarded message ----------
From: jules peck <jules at flourishingenterprise.org>
Date: Mon, Jun 23, 2014 at 9:02 AM
Subject:
To: jules peck <jules at flourishingenterprise.org>


I thought you might be interested in  my latest blog.

 Jules Peck

Friday, 20 June 2014
http://www.compassonline.org.uk/the-road-from-serfdom-to-the-equal-sharing-of-blessings/

President Clinton was in town recently at an event with BoE Governor Mark
Carney, Christine Lagarde, Paul Polman and Prince Charles amongst the many
speakers. In the room were alleged to be the people who control a third of
the world’s liquid assets – in short the 1%.

They were here as part of the Inclusive Capitalism initiative which is
looking to reform our economics to be fairer to people and planet.
Inclusive Capitalism is just one of many other very similar initiatives
including; *Sustainable Economy, Renewing Capitalism, Conscious Capitalism,
Corporation 2020, Sustainable Capitalism, Responsible Capitalism, Clean
Capitalism, The Responsible Economy, Capitalism as if the Planet Matters,
Creative Capitalism, Just Capitalism, Spiritual Capital, Tomorrow’s
Company, Breakthrough Capitalism,*Sir Richard Branson’s* B Team* and WEFs *New
Social Contract.*

Why this flurry of new efforts to reframe, recreate or reform capitalism?
One reason is clearly that 2008 and its ongoing repercussions have shaken
many shibboleths and challenged assumptions about the viability of anything
like business-as-usual. As Nafeez Ahmed says
<http://www.theguardian.com/environment/earth-insight/2014/may/28/inclusive-capitalism-trojan-horse-global-revolt-henry-jackson-society-pr-growth>
of
the Inclusive Capitalism event “*central to the proceedings was an
undercurrent of elite fear that the increasing disenfranchisement of the
vast majority of the planetary population under decades of capitalist
business as usual could well be its undoing*.”

As co-chair of the Inclusive Capitalism taskforce, McKinsey managing
directorDominic Barton
<http://hbr.org/2011/03/capitalism-for-the-long-term/ar/1>, explained “… *there
is growing concern that if the fundamental issues revealed in the crisis
remain unaddressed and the system fails again, the social contract between
the capitalist system and the citizenry may truly rupture, with
unpredictable but severely damaging results*.”

Notable members of the 1% are now openly speaking what would have been
heretical thoughts not long ago. Legendary fund manager and head of GMO
Jeremy Grantham has recently said
<http://www.guardian.co.uk/environment/2013/apr/12/jeremy-grantham-environmental-philanthropist-interview>:
“*Capitalism does millions of things better than the alternatives. However,
it is totally ill-equipped to deal with a small handful of issues.
Unfortunately, they are the issues that are absolutely central to our
long-term wellbeing and even survival*.” And Oystein Dahle, ex VP of Exxon
Mobil said that communism collapsed: *“Because it didn’t allow prices to
tell the economic truth. Capitalism will collapse because it doesn’t allow
prices to show the ecological truth.”*

Another reason for this flurry of activity is that the mainstream has
noticed an explosion of alternative practices, such as those of the
‘collaborative economy’, that represent real threats to this
business-as-usual mindset and hegemony.
*The emergent new economy*

Indeed, Kevin Keely, former executive editor of Wired has said “*How close
to a non-capitalistic, open source peer production society can this
movement take us? Closer than we thought*.” Visionary thinker Jeremy Rifkin
talks of a “*collaborative commons eclipsing capitalism*” and Harvard
Professor Jim Heskett says “*Now questions are again arising about whether
we are about to experience a post-capitalist society centered around the
creation and sharing of goods and services that have marginal costs
approaching zero”. *Echoing this, the BBC’s Paul Mason predicts that newly
networked and disenfranchised citizens will soon bring us into a ‘Post
Capitalism’ world.

Alongside this new ‘fractional’, ‘sharing’ economy are multitudes of other
fast growing movements such as the Maker movement, the interest free money
system, the Transition Towns movement, the Commoning, P2P and Commons
movements and the global cooperative movement with 1bn members, 100m
employees and worth $trillians.

Professor Gar Alperovitz, a leading thinking and practitioner in the new
economy, has recently said “*just below the surface of media attention
literally thousands of grass roots institution-changing,
wealth-democratizing efforts have been quietly developing.” *Along with
people like Professors Erik Olin Wright, Steve Keen, John Bellamy Foster
and David Schweickart, Alperovitz is just one of many academics and
think-tanks actively working on the shape and functioning of a radically
new form of economics.

Wonderful and hopeful as all of this is, the problem with these hundreds of
emerging schools of thought, practice, movements and initiatives is that
few of them seem to be aware of each other, let alone collaborating and
cross-fertilizing. No one seems to know how they do or don’t fit together,
what kind of ecosystem they might create and how collectively they might
have some answers to the reform of economics and politics.
*Real Economy Lab*

Frustrated by this lack of clarity and in response to all this activity, a
group of us have set up an initiative called the Real Economy Lab
<http://flourishingenterprise.org/real-economy-lab> which hopes to map all
this activity, to understand how it all fits together, what gaps in
thinking and experimenting there may be, and to provide a space where these
many initiatives can collaborate and coalesce into a global movement for
change.

We want to help dial up the voice of the 99% into the global debate about
the future of economics and commerce.  Perhaps the 1% are right to suspect
that their time in control might need to cede to a wider collaboration with
new insurgent movements of the 99%. As Einstein said, “*Those who manage
their way into a crisis are not necessarily the right people to manage
their way out of a crisis*.”

Some of the questions and movement the Lab are examining and connecting
with include:

   - The future of economics. What might a new system look like and how
   would it operate? A host of initiatives are asking this question including;
   The Smart CSO Lab, the Economy for the Common Good
   <http://gemeinwohl-oekonomie.org/en> initiative, David Korten’s New
   Economy Working Group <http://neweconomyworkinggroup.org/about-us>,
   Nef’s Great Transition and European New Economics Research and Policy
   Network, the Post Growth Institute <http://postgrowth.org/> and theirPost
   Growth Alliance
<http://postgrowth.org/connect/post-growth-alliance>, Degrowth
   R&D EU <http://www.degrowth.org/description>, the MMM
   <https://mapping-berlin.titanpad.com/1> alternative economics mapping
   initiative, the Austrian Growth in Transition
   <http://www.growthintransition.eu/about-us/> dialogue, FEASTA, George
   Soros’s INET, Buen Vivir, the New Economy Coalition
   <http://neweconomy.net/new-economy-coalition>, the Synergia
   <http://auspace10.rssing.com/browser.php?indx=8904676&item=41>Mooc, the
   Tellus Great Transition Initiative, the Alliance for a Better Economy, the
   Center for the Advancement of the Steady State Economy.
   - The future of money. What might money look like and how might the
   investment sector operate in the future. A host of innovative new ideas and
   experiments pose real threats to the status quo and huge new opportunities.
   Just look at the rise and rise of peer-to-peer finance like Zopa, or the
   Positive money and debt free finance movements, the local currency and
   credit union movements.
   - The future of commerce. What might business look like in the future.
   Already the frictionless collaborative economy is threatening incumbents in
   many sectors. Growing shares of the global economy are becoming
   co-operatised and alternative socialised business forms are flourishing.
   - The future of ownership. What are the implications of a shift towards
   mass co-operative control of enterprise and of resources through things
   like Community Land Trusts, Mutual Home Ownership Societies and other
   ‘economic democracy’ initiatives. The assumption that things like the plc
   model are fit for the future seems more and more in doubt. Whole regions
   like the Basque country, Quebec and Emilia Romagna are now already more
   co-operatively controlled than privately owned.
   - The future of politics. The social shifts this new economy will bring
   about might unlock a new deliberative and participative budgeting and
   peer-to-peer politics. What might this mean for the future or demise of
   centralised party politics? Witness the anger and energy of Los Indignados
   and Occupy. And the explosive growth of Participative Democracy experiments
   in places like Porto Alegre and now emerging in the UK
   <http://www.participatorybudgeting.org.uk/> and elsewhere. And the
   growth of new political movements such as La Via Campeina, Spain’s Podemos
   and Denmark’s Alternative parties and the LIFE Party
   <http://www.uklife.org/economy>, ideas around new commons-based political
   coalitions
   <http://www.aljazeera.com/indepth/opinion/2012/04/2012416102253184145.html>,
   a Chamber of the Commons
   <http://blog.p2pfoundation.net/proposed-next-steps-for-the-emerging-p2p-and-commons-networks/2013/04/02>
and
   citizen democracy initiatives like Borgerlyst, Citivox and Partido de la
   Red.

In some ways the questions these movements and schools of thought are
asking are far from new. For instance, JS Mill said that “*The social
problem for the future we consider to be how to unite the greatest liberty
of action with a common ownership in the raw material of the globe, and an
equal participation of all in the benefits of combined labour*.” But what
is new is that, for those of us tuned into these worlds, it feels like
there is an insurgent quickening in the pace of innovation and change with
many counter-cultural experiments reaching scale in what seems like the
blink of an eye.

*The future is already here*

This might all sound like naval gazing academia. Interesting but at best a
sideline to the real business. But despite the denial of the mainstream
media, these movements are emerging as a real force to be reckoned with. We
are living through revolutionary times with potentially radical changes
already underway.

As Harvard’s Professor David Korten puts it “*Imagine an economy in which
life is valued more than money and power resides with ordinary people who
care about one another, their community, and their natural environment. It
is possible. It is happening. Millions of people are living it into being.
Our common future hangs in the balance.”*

But, as William Gibson said “*The future’s here, its jut not evenly
distributed*.” We need far more collaboration if we are going to bring
these things to scale.

My hunch is that those who assume we can and will carry on with just a
somewhat tweaked business-as-usual are mistaken. And the smarter people in
the mainstream are starting to tune into this. Unilever’s CEO Paul Polman,
for instance, is involved in a number of these interesting initiatives.
*Where next?*

Where all of this goes next is up to us. And whether what emerges from the
maelstrom of change underway will be ‘capitalist’ or not is unclear. As Jim
Stanford of www.economicsforeveryone.com says, “*Capitalism represents just
one phase (and a relatively short phase so far) in the evolution of human
activity. That long process of evolution is not going to suddenly stop. We
haven’t arrived at some economic nirvana: a perfect system which can’t
possibly be improved. I suspect we’ll end up with something quite different
to capitalism: in which most production is no longer undertaken by private,
profit seeking companies and most work is no longer undertaken solely in
return for a money wage.”*

Churchill wrote that “*the inherent vice of capitalism is the unequal
sharing of blessings*”. Perhaps its time not just for yet another patch or
reboot but an entirely new way of doing things in which we finally share
out those blessings?
Jules Peck
Convenor, Real Economy Lab
<http://flourishingenterprise.org/real-economy-lab>

e: jules at flourishingenterprise.org
m: 07920844802
w: www.flourishingenterprise.org
b: www.citizenrenaissance.org
t: @citizenjules
'Aspire not to have more but to be more' Archbishop Oscar Romero



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