At the national level, the Common Good Product will indicate a country’s success according to universal values.At the business level, the Common Good Balance Sheet will clearly show how much a company contributes to the common good.
At the national level, the Common Good Product will indicate a country’s success according to universal values.
In an Economy for the Common Good, improving the well-being of everyone and of nature is the bottom line. Many western constitutions define the goal of the economy in this way.
The constitution of Bavaria, Germany, for example, declares: “Economic activity in its entirety serves the common good.” In the Italian constitution it says, “Private economic enterprise is free.
We will see more cooperation among business partners.
We will see less uncontrolled, destructive growth, and companies will strive towards their optimal size.
The following ten principles help clarify the ideas and concepts underlying the ) is to end the confusion between means and ends in our economic system.
Money and capital should no longer be the end or the goal of economic activity, but rather the means to reach a higher goal, namely to improve the common good. The Greek philosopher Aristotle differentiated between “oikonomia,” the art of sustainably managing the house” (economy for the common good) and “chrematistike,” the art of making money (capitalism).It may not be carried out against the common good.” In the preamble to the is redefining success according to a company’s contribution to the common good.The fundamental failure of the present system is that economic success is measured strictly according to monetary indicators, such as the Gross Domestic Product () for countries, or financial profit for businesses.At the national level, the definition of the Common Good Product should be determined by the sovereign citizens, perhaps in local assemblies.The idea is to identify the twenty most relevant aspects of quality of life and well-being and convert them to a measurable and comparable indicator.In his concept of “oikonomia,” money only serves as a means.In “chrematistike,” as in capitalism, money and profit maximization become the bottom line.The fundamental failure of the present system is that economic success is measured strictly according to monetary indicators, such as the Gross Domestic Product for countries, or financial profit for businesses.Banking and finance will also need to reorient their priorities.It emerges out of a holistic worldview and is based on “sovereign democracy, stronger democracy than exists today.The model has five underlying goals: Rewarding “good” behavior, and making “poor” behavior more visible to the public and less profitable, will lead to a general paradigm shift at all levels of the economy.