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Money becomes sustainable when its value is defined by electricity produced from local benign renewable energy sources. As energy consumption is related to living standards, Sustainable Money introduces a global unit of account with its value determined by the capacity of each bioregion to...
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The contribution of this paper is to explain how to achieve a universally prosperous environmentally sustainable global society. This objective is incompatible with traditional economic policies dependent on environmentally exploitive growth in the population and/or full employment to generate...
Persistent link: https://www.econbiz.de/10013093815
Facilitating legislation is required for citizens to initiate local referendums to adopt urban property rights that provide sustainable affordable housing and infrastructure. New laws and regulations are required so official currencies do not: (a) create inefficiencies and climate change from...
Persistent link: https://www.econbiz.de/10012985924
Renewable energy can become a fraction of the cost of burning carbon to generate electricity in communities that use money that has a usage charge described as "demurrage". As with Islamic banking, demurrage money eliminates discounting future values from the ability of earning interest today....
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Unlike leaders and scholars in the rest of the world, at least one Chinese leader and a Chinese scholar have identified the need to establish economic democracy as basis for introducing political democracy. Economic democracy also increases survival for the many by reducing environmental...
Persistent link: https://www.econbiz.de/10014160868
The paper explains how to achieve a universally prosperous environmentally sustainable global society. This objective is incompatible with traditional economic policies dependent of full employment and ideologies based on uninhibited use of non-renewable resources. Politically attractive...
Persistent link: https://www.econbiz.de/10013118800
A vision for reshaping capitalism for a sustainable world was implicit in the 2018 statement by BlackRock, the biggest investor in the world, wanting, “A new model for corporate governance” and that “companies must benefit all their stakeholders”. The idea of firms delivering benefits to...
Persistent link: https://www.econbiz.de/10013220903