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The Economy for the Common Good and the Democratic Bank

Christian Kozina Andreas Giselbrecht


Murska Sobota, 08.11.2012

The Economy for the Common Good is an ...

... alternative economic system


Dominant system at the moment: Neoliberalism profit maximization competition (?) dominance of international concerns companies must grow competition between countries and regions

The Economy for the Common Good is an ...

... alternative economic system


Christian Felber and ATTAC: international movement working towards social, environmental and democratic alternatives in the globalization process Christian Felber, co-founder of ATTAC Austria, publicist and author initiated ECG and Democratic Bank

The Economy for the Common Good is an ...

... alternative economic system

The Economy for the Common Good is an ...

... alternative economic system


Alternatives to the present economic system? COMMUNISM? CAPITALISM?

New economic system?

The Economy for the Common Good is an ...

... alternative economic system


The idea of the Economy for the Common Good What makes people happy? Good human relationships! Which values lead to good human relationships? Idea: build up an economic system on these values

The Economy for the Common Good is an ...

... alternative economic system


=> Change the incentives! cooperation rather than competition common good rather than profits benefits for good companies new definition of economic success: common good balances (companies) common good product (countries)

The Economy for the Common Good is an ...

... alternative economic system


Solidarity

Human Dignity

Co-determination & Transparency

Ecological Sustainability

Social Justice

The Economy for the Common Good is an ...

... alternative economic system

The Economy for the Common Good is an ...

... alternative economic system


Benefits for successful companies lower taxes higher funding cheaper credits advantages in public purchase

=> Sustainable products and services cheaper than non-sustainable.

The Economy for the Common Good is an ...

... alternative economic system


Further puzzle pieces of the ECG
rules how to use surplusses
real democracy changes of constitution limitation of financial inequalities reduction of working hours free years

common good oriented eduction system reduction of ecological footprint

The Economy for the Common Good is an ...

... alternative economic system


Further puzzle pieces of the ECG
rules how to use surplusses regional parlaments for economic questions real democracy limitation of financial inequalities democratic commons democratic banking changes of constitution reduction of working hours border control for capital transactions common good oriented eduction system free years global monetary cooperations fair trade zones reduction of ecological footprint

The Economy for the Common Good is an ...

... alternative economic system


Further puzzle pieces of the ECG
rules how to use surplusses regional parlaments for economic questions real democracy limitation of financial inequalities democratic commons democratic banking changes of constitution reduction of working hours border control for capital transactions common good oriented eduction system free years global monetary cooperations fair trade zones reduction of ecological footprint

ideas and proposes => democratic discussion => democratic voting

The Economy for the Common Good is an ...

... international social movement


Commitment of thousands of people pioneers, consultants, auditors, speakers, editors, scientists, ...

circles
energy fields

Germany (22), Spain (21), Austria (8), Switzerland (3), Italy (1), ... Slovenia?

The Economy for the Common Good is an ...

... international social movement


Everybody can be part of it! companies public institutions associations communities regions private persons participative open-ended bottom-up growing

The Economy for the Common Good is an ...

... international social movement

Supporters (November 7th, 2012): 858 companies 152 associations 2.898 private persons

pioneer: KWB

almost 4.000 official supporters

The Economy for the Common Good ...

... put into practise


KWB Biomass heating systems (10-300 kW) First Common-Good Balance-Sheet 2011 350 employees www.kwb.at ; www.kwb.si

The Project Democratic Bank

... Profit orientation leads to:

The Project Democratic Bank

... Profit orientation leads to:


They cant guarantee for your savings They dont like to take risk - Credit crunch They increase costs for your giro account They close affiliates They destabilise the finance market investment banking They take money from the government our money

The Project Democratic Bank...

we want to be different!

The Project Democratic bank...

...we make our own bank! transparent

Common-good oriented

We are the first commongood oriented and democratic leaded bank in Austria

demokratic

regional

The Economy for the Common Good ...

... we found our own bank Common-good oriented

Common-good loans Common-good profit Common-good interest-rate NO speculation

The Economy for the Common Good ...

... we found our own bank transparent


Project board transparent wages transparent organisation Transparent separate assets Accumulated interest abandonment

The Economy for the Common Good ...

... we found our own bank


Political engagement for a democratic bank- and finance system New communication (Council, Dialogue, Systemic Consens) DemBa-Academy

democratic

The Economy for the Common Good ...

... we found our own bank


Private cooperative bank Regional projects Common Good Economy companies Center: Vienna First affiliates: Styria, Lower- and upper Austria

regional

The Project Democratic Bank ...

... Our portfolio


Speculation-free

Credit Business

Bank Giro Account

Saving books

Cooperative Borrowings

The Project Democratic Bank...

... steps to go

...

The Project Democratic Bank...

... people want an alternative bank

The Project Democratic Bank...

... we are different

The Project Democratic Bank...

...how we are organised

The Project Democratic Bank...

...how we are organised


www.teamlab.com

The Project Democratic Bank...

we found our own bank

Thank you for your attention!


Christian Kozina
graz@gemeinwohl-oekonomie.org http://www.gemeinwohl-oekonomie.org

Andreas Giselbrecht
www.demokratische-bank.at andreas.giselbrecht@demokratische-bank.at