Sixteen Building Blocksof a Green, Entrepreneurial, Cooperative

Caring Economy

By Guy Dauncey www.earthfuture.com

The transition from a capitalist to a cooperative economy

could be one of the defining achievements of the 21st century

Green

Entrepreneurial

Cooperative

Caring

O

G

E

M

AA NEW ECONOMY

Capitalism was built over time, block by block…

Capitalism was built over time, block by block…

Private Property

Ownership

Capitalism was built over time, block by block…

Private Property

Ownership

The Marketsystem

Capitalism was built over time, block by block…

Private Property

Ownership

The Marketsystem

Double EntryBook Keeping

Capitalism was built over time, block by block…

Banking

Private Property

Ownership

The Marketsystem

Double EntryBook Keeping

Capitalism was built over time, block by block…Limited Liability

Banking

Private Property

Ownership

The Marketsystem

Double EntryBook Keeping

Capitalism was built over time, block by block…Limited Liability

Banking

Private Property

Ownership

The Marketsystem

Double EntryBook KeepingContract Law

Capitalism was built over time, block by block…Limited Liability

Banking

Private Property

Ownership

The Marketsystem

Double EntryBook Keeping

Credit Cards

Contract Law

Capitalism was built over time, block by block…Limited Liability

Banking

Private Property

Ownership

The Marketsystem

Tax HavensDouble EntryBook Keeping

Credit Cards

Contract Law

We must build the Green Entrepreneurial Cooperative Caring Economy

in the same way: Block by Block

StrengthenEntrepreneurialism

1

Support for Business Start-Ups

Helping people to start businesses and coopsincluding women, youth, First Nations, minorities…

www.startupcommunities.ca

Train New Entrepreneurs

Youth enterprise in schools

Since launching in 2012:•85,000 members and 400 business support providers•Mentored more than 20,000 entrepreneurs•Worked with more than 5,000 startup businesses•Facilitated the development of 25+ entrepreneur co-working spaces, and major enterprise initiatives•Launched 20 startup community hubs from St. John’s to Smithers•Mobilized $25m in investment and in-kind resources from 500 volunteers and industry partners

Build A Regional Business Network

Businesses and cooperatives working together to build the regional economy

2

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

Cooperating Together

Half a million businesses in the region pay a 0.4% levy on sales to local inter-business organizations.

In return, they receive support with financing, training, research, development strategies

and export efforts. 

Start New Cooperatives

1,250 coop members in industry, agriculture and services,

employing 150,000 people. Under Italian cooperative law each coop pays 3% of its annual surplus into a national fund

for cooperative development.

3 Build Community Development Corporations

New Dawn Enterprises, Sydney, Nova Scotia, Incorporated 1976

Founding Member of the Canadian CED Network.

New Dawn employs 175 people through its companies and projects.

Companies with more Women Board Directors experience higher financial performance

Catalyst Bottom Line

Transform Banking

4

Triodos, HollandThe World’s Greenest Bank

Credit Unions

500,000 members

Microlending

Zero-Interest Banking

“Together We Make More”

5 Start Community Currencies

“Spending Bristol Pounds acts like a plug to stop money leaking out of Bristol, making a stronger local economy.”

£300,000 in circulation after one yearBacked by Pounds Sterling, held in trust account

6 Inter-Business Cooperative Credit

WIR Bank, Switzerland. Founded 1934wirtschaftsring = ‘Community economic circle’

Asset based electronic currency62,000 members, $3.5 billion assets

WIR Bank operates as a counter-cyclical influence whenever there is a downturn, and credit dries up.

Transform the Corporation

7

Benefit Corporations

Benefit Corporations

Benefit Corporations in VancouverAquatic InformaticsAroundsquare Ltd

Big Room Inc.Brix Media Co.

Climate Smart Business, Inc.Ethical Bean Coffee

Fairware Promotional Products.Flipside Creative

HootsuiteJunxion Strategy

Kent Employment LawLeverage Lab

Light Trail ConsultingLunapads

Mills Office ProductivityPyrrha

Realize StrategiesRecollective Consulting

Renewal FundsRTOWN

Saul Good Gift CoSave On MeatsSES ConsultingSMAK Food Inc

soulpepperSPUD

Sustainability TelevisionYulu Public Relations Inc.

Treating Nature as a Being to Respect

not a Resource to Exploit

8

Counting and taxing Nature’s external costs Regulating effectively to protect habitat

Compassionate care for farm animalsFully protected habitat zonesA green restorative economy

100% sustainable fisheries100% sustainable forestry100% renewable energy

100% organic farmingZero waste

An Ecological Economy

Green Business Certification

9Make a planned transition to

100% Renewable Energy

Price of Solar Module

per Watt

1977: $77

1997: $7

2013: $0.7

Germany

73 RE Regions60 Starter Regions3 Urban Regions22 million people

Grist, November 2014

Grist, November 2014

Grist, November 2014

Australian/Chinese Brighsun Bus1027 km on one charge

By 2025, Holland is preparing to ban the purchase of gas and diesel cars

Almost 400,000 advance orders placed for The Tesla Model 3. $35,000 US

320 kilometres range

Future Scania electric truck, recharging by an inductive roadway.

Passive Houses, Victoria90% reduced heat loss

Brussels, BelgiumSince 2015, all new buildings and retrofits are

required to be Nearly-Zero Energy, based on the Passive House Standard.

Almost Twice as Many Green Jobs in Canada

By Guy Dauncey

800,000 fossil fuel jobs lost 1,000,000 green energy jobs gained

Reduce PovertyInequality

Unaffordable Housing and Homelessness

10

Tax Reform

Eliminate Student Debt

$15 Minimum wage

Basic Income Guarantee

• 25 First Nations MPs in Ottawa• BC’s Premier a First Nations woman• Free college education• Land treaties signed across the country• First Nations people becoming teachers,

lawyers, doctors, engineers, politicians• Westshore coal terminal at Tsawassen a

centre for First Nations history, celebration, tidal energy & eelgrass recovery.

Some First Nations Breakthroughs by 2032

11

Vancouver Average House PriceJanuary 2016

Single Family: $1,850,000

Vancouver Average House Prices, January 2016

Condo: $1,200 per sq. ft.

Super InTent City, Victoria Courthouse

Eliminate Homelessness

in Medicine Hat, Saskatchewan

Renovate and Transform the Rooming Hotels

Temporary Tiny Homes Zones on Vacant Land

Boneyard Studios, Washington DC

Developer incentives to build 100% rental properties

Zoning requirements to include 20% affordable & family-oriented

Rezone Single Family Areas

to allow affordable townhouses

Seattle’s property tax levy has enabled the construction of 12,500 apartments with

below-market rents.

An affordable housing tax levy

Escalating taxes on properties left empty

Escalating property transfer tax on top-end real estate sales

Speculation tax on properties flipped within a year

Offshore tax on homes bought through tax-havens

An Inheritance Tax on Estates above a certain value

Affordable Housing Tax on AirBNBs

67% of Vancouver AirBNBs are for whole house or apartment

Pour all the new money into building Affordable Housing

Marine Court Housing Cooperative, Vancouver

Shipping Container

Homes

280 sq. ft.

12 units, base cost

$85,000 each

Car-Free Laneway Housing

No parking permits, rainwater collection, zero-net energy

www.loftcube.net

Rooftop Housing

Protect Public Ownershipand the Role of Government

12

HealthcareEducation

Social SecurityInsuranceUtilities

Affordable HousingPublic Banking

Research & DevelopmentEffective Regulation

The Entrepreneurial State

“It is indisputable that most of Apple’s

best technologies exist because of the

prior collective and cumulative efforts driven by the State.”- Mariana Mazzucato

Create Public Banks13

40% of all banks in the world are Public Banks

GermanyHollandHungaryIndiaJapanMacedoniaMexicoNew ZealandNorwayPolandRussiaSloveniaSouth Korea

SpainSwedenSwitzerlandSyriaTaiwan

Banks create credit out of thin air “credit” = “credo” = “I trust”

“When banks extend loans to their customers, they create money by crediting their customers’

accounts.” - Sir Mervyn KingGovernor of the Bank of England, 2003-2013

A Public Bank creates credit the same way private banks do

When a private bank creates money, the interest earned returns

to its investors

When a credit union creates money, the interest earned returns

to its members

When a public bank creates money, the interest earned returns

to the public

In post-war Japan, Taiwan, South Korea and now China, public banking has been at the core of their development success.

In Germany, 432 public municipal savings banks and 1116 cooperative banks provide two-thirds of all lending to Mittelstand companies, 43% of lending to all companies and households, and 70% of domestic lending.

In Australia, for most of the 20th century the publicly-owned Commonwealth Bank of Australia was the nation’s central bank.

In Alberta, the publicly-owned Alberta Treasury Branches provide financial services to 680,000 Albertans, serving 242 communities.

In New Zealand, the publicly owned Kiwibank, established in 2002, has 800,000 customers, operating through the Post Office.

PUBLIC BANKING AROUND THE WORLD

Founded in 1919 by the Non-Partisan LeagueLoan Portfolio of $2.6 billionLowest unemployment in US

No state budget deficit

Mission “to deliver quality, sound financial services

that promote agriculture, commerce and industry in North Dakota.”

Much of its loan portfolio is participation loans to local community banks,

mostly businesses and farms.

By doing this, BND expands the lending capacity of North Dakota’s community banks,

and absorbs some of the risk.

“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

Re-instate the pre-1974 powers of the Bank of Canada

The Public Bank of British Columbia, est. 2021

• Stores government and crown agency revenues• Creates new money by the act of lending• Saves taxpayers up to 50% in interest costs on critical

infrastructure like bridges, trains and schools • Eliminates billions in bank fees and money management

for cities and the province• Supports community bank loans to clean energy, building

retrofits, farms, First Nations projects, value-added forestry, hi-tech, community development corporations, small businesses, students.

• Provides counter-cyclical relief by issuing credit at low or zero cost to revitalize infrastructure and other services

Re-instate the pre-1974 powers of the Bank of Canada

New Ways of Measuring Progress

14

Guy Dauncey 2013 www.earthfuture.com

Gross Depletion of the Planet

+ Yield - Costs= Profit

Craft a New Green, Sustainable

Economics Profession

15

Five Star Thinkers of a Socially Just Economy

Mariana Mazzucato Muhammad Yunus

Ellen BrownHa-Joon ChangThomas Piketty

Build a A New GlobalFinancial Architecture

16

Close Down the Tax Havens

The Panama Papers

Abolish Every Tax Haven

Two Organizations Doing Great Work for a New Economy

New Economics Foundation London, UK

www.neweconomics.org

New Economy CoalitionUSA

www.neweconomy.net

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

BenefitCorporations

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

BenefitCorporations

Green Business

Certification

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

BenefitCorporations

100%Renewable

Energy Region

Green Business

Certification

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

BenefitCorporations

EntrepreneurialState

100%Renewable

Energy Region

Green Business

Certification

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Public Banking

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

BenefitCorporations

EntrepreneurialState

100%Renewable

Energy Region

Green Business

Certification

We will build the Green Entrepreneurial Cooperative Economy in the same way: Block by Block

Public Banking

Regional BusinessNetworks

Cooperatives Support Networks

Help withBusiness Start-Ups

Community Dev. Corporations

BenefitCorporations

EntrepreneurialState

100%Renewable

Energy Region

Genuine Progress Indicators

Green Business

Certification

The transition from a capitalist economy to a green, entrepreneurial cooperative economy

could be one of the defining achievements of the 21st century.

www.slideshare.net/GuyDauncey

www.journeytothefuture.ca

Guy Dauncey 2013 www.earthfuture.com

www.earthfuture.com