This is better version of the original Mar 23 2013 article, Ideal Model SD Goals and World Commons Economy. The new one prepared for the UN’s Open Working Group on SDG’s, Monday to Friday OWG-6 Dec 9 to 13.
relating to OWG sessions:
- Monday, Tuesday and Friday on “Means of implementation (science and technology, knowledge-sharing and capacity building)”
- Tuesday on “Global partnership for, achieving sustainable development”
and to Special “Side Event” meetings:
- Monday evening on ”Access to Information: A Key Pillar of the Post-2015 Development Agenda” and on “Financing for sustainable development: Can the international financial system make the leap?”
- Tuesday noon “A New Global Partnership Architecture: Catalyzing Action on the Post-2015 Development Agenda”
- Wednesday noon “A transformative post-2015 human rights vision requires innovative linkages with environmental issues”
- Friday noon “Citizen Voices: How Citizen Participation and Social Accountability Can Drive Development Effectiveness” and on “Resources, Risks and Responsibilities: Shifting the paradigm on environment”
A Natural Systems Approach to
Caring for What’s Profitable & Profiting from What You Care for.
An Information System for a Self-managing World “Commons Economy”,
and to give real meaning to money.
I. The “Ideal Model” for a “New Architecture”: Capitalism with a purpose,
A. The idea
The natural way economies determine their futures is by “market choices”, as financial, business and consumer markets look for how to get what they want from each other and the earth. Then governments, the press, professions and open societies watch out for the common interest. That’s what designs of the economy of our future, telling developers what new parts to add or old ones replace.
Those market choices often don’t reflect common interests just for our natural lack of information. What was done around the world to deliver goods or services is not collected and passed along as they are paid for, What’s becoming possible is like that, ways to identify future societal costs that business may be held responsible for in the future, practices like adding to global inequities or harming our economic future.
Just one new fact about money can release a great wealth of information on that. It’s that the “hidden consequences” of using money we don’t immediately see have been scientifically shown to most often be close to “average”. In information terms, that serves to “internalize all externalities”, opening the door to what has eluded us, a way to make sound decisions for the world as a whole.
It would let us build an information system making the choices responsible for impacts transparent for all to see. For example, spending one dollar generally adds about 1 pound of CO2 to the atmosphere. We might select the least cost engineering option for ending our addition of CO2 to the atmosphere as a standard measure, possibly bio-char, estimated to cost $.20 per pound of CO2. That would be equal to an impressive “tax” on GDP, of $.20/$1, an indicator of how poorly the earth’s profits are being used.
People would then clearly see, for example, that as we build more and more for the future economy to take care of, a natural turning point approaches for investors and everyone else, of diminishing total returns. So as growth becomes seen as a drain on future profits, the most profitable use of profits becomes caring for the environments creating the profits, not compounding our demands on them.
Henshaw, J. 2011 Systems Energy Assessment. Sustainability MDPI. http://synapse9.com/SEA – People are “end users” of the consumption economy AND “end servers” of the production economy. The “end producers” for any dollar of goods or services are SO wide spread one must first assume, every dollar is distributed as an average share of GDP and reflects the average impacts of the whole, good and bad.