Wealth Creation has become disconnected from wellbeing and the common good.
The existing economic model is increasingly degrading the human and natural capital that we depend upon and is consequently becoming dysfunctional, dehumanized and unsustainable.
Markets have no systemic mechanism for replenishing the value extracted from people, place or planet.
SOME OF THE SYMPTOMS & CONSEQUENCES
Endemic ‘short termism’.
Wealth inequality has grown not decreased.
Old style ‘solutions’ such as ‘trickle down’ do not work.
More contemporary solutions such as CSR and social enterprise remain islands within an existing dysfunctional landscape and are therefore dependent on individual largesse.
Legal structures and ingrained culture force businesses to prioritise increasing profits for shareholders at the expense of replenishing foundational value in people, communities and nature.
Mistrust of business and government grows without a sense of inclusion, community or co-creation.
Few have financial security (which has become defined as job security) or feel fulfilled and as technology is predicted to replace up to a third of existing jobs in the near future many see our current form of capitalism as a failed or failing system.
BUT THERE’S A BABY IN THE BATHWATER !
The dynamism of entrepreneurial activity is the true heart of business
Harnessed the right way this can be a powerful force for good
Enabling us to create and improve the products and services that CAN ensure that (soon to be) 9 billion people live well within the constraints of one planet
WHAT’S OUR SOLUTION?
Mutualize the market not individual companies
Manage surplus in way that replenishes human and natural capital
Redefine the landscape of capitalism to focus on the power of entrepreneurial creation rather than finance
Create an alternative economic paradigm within the existing system.
Build companies as systemic engines for change through a new architecture that motivates employees, businesses and communities and creates legitimacy by mobilizing private ownership for the common good
PRINCIPLES FOR A WAY FORWARD
Transform normal companies into engines of change.
Identify a systemic solution rather than just individual company initiatives
Invest in everyone in the community.
Support entrepreneurship.
Use profit for the common good and for growth.
Foster collaboration, stability, sustainability and resilience.
OUR VISION – THE COMMON’S CORPORATION
To humanise and transform the power of business creativity through a new systemic economic structure.
An architecture that creates and manages the space between autonomous organisations within an interdependent framework
A series of enterprise networks, based upon a new replicable approach that integrates private enterprise & the common good through a systemic design with inbuilt mechanisms for economic expansion, resilience and stability.