a post growth people-centered local economy?

The term People-Centered Economic Development derives from the work of Carl R Rogers and his advocacy for a person-centered approach to therapy. Given access to the necessary resources, he believed, people could resolve their own problems flourish and grow.

People-Centered economics is therefore about inserting these ideas into business and economics. Each community needs access to information resources (hyperlocal networks) and resources for creation of community funding enterprises for profit, with profits to be applied to social needs in addition to private wealth creation (social business)

The core concept is a business which uses its profit to stimulate a given local economy, as described in a 1996 white paper. In this paper, it was reasoned that by creating money based on imaginary numbers, real human beings had been disenfranchised, considered disposable..The way forward would depend on changing the way we do business and sharing information.

First deployed in Russia, it was used to source an experimental development initiative for USAID in the wake of Russia's economic and currency collapse of 1998. This became know as the Tomsk Regional Initiative, a project which left behind a flourishing community development bank and thousands of micro enterprises..

In a people-centered local economy, we move way from the 21st century form of economics based on production, profit maximisation and scarcity toward local economies which are sharing and people-centered. The focus is on people, particularly those in greatest need. An economics for humanity

For example, local food and energy production with distributed local manufacturing.

In the Forest of Dean where it was introduced in 2006, it's the model being applied to create a community renewable heating initiative. Surplus revenue is invested in further social purpose for the benefit of the community.


The ideal model of incorporation would appear to be the Community Benefit Society which is based on Industrial and Provident Societies laws, rather than Company Law.

Jeff Mowatt

jeffmowatt-232748

a post growth people-centered local economy?

Yes this is very much the intention Lucas. I was reminded recently of how the International Covenant on Economic Social and Cultural Rights became part of our business plan in 2004. It was a fast for economic rights which began an exchange with a US Serator who would soon be making Two America's his campaign Hear what he says about the division of wealth in the video.

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Lucas Wyrsch

lucas_wyrsch

a post growth people-centered local economy?

Capitalism for the many is high growth capitalism! Dear Jeff, Eric C. Williams wrote to the same editor of "Income Inequality: Too Big to Ignore," Economic View, Oct. 17): "Our current economic culture, encouraged by laws and policies, has created our country's most dominant special-interest group: secure individuals with power and wealth. When the United States became a world leader, however, its economic culture was more inclusive and dynamic. It supported the creation of wealth and a broad-based infrastructure, allowing a majority of Americans to participate. It created a hard-working, optimistic, ingenious population. It encouraged capitalism for the many, not for the few. By returning to that culture, we could regenerate inclusive opportunity and dynamic growth, the combination that propelled America to the top." People centered econmies are "more inclusive and dynamic" that support " the creation of wealth and a broad-based infrastructure," allowing a majority of people to participate. Take my arguments against commercial use of nuclear power that encourages capitalism for the few and oppose commercial use of renewable power to it that would encourage capitalism for the many! A people centered local economy always is high growth capitalism for the many, never low growth capitalism for the few, at least should this be the case, I think! Have fun and take care! Best, Lucas

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Jeff Mowatt

jeffmowatt-232748

a post growth people-centered local economy?

Hi Lucas, I'm not sure that I understand exactly what you mean, but the process as I describe to Stephen above, is oner of onging re-invesment in the creation of new entities of which some may elect to follow the same pattern to create ever increasing numbers of people-centered businesses.

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Lucas Wyrsch

lucas_wyrsch

a post growth people-centered local economy?

Dear Jeff, My assumption is that a people-centered local economy will have a double digit economic growth rate simply because it would avoid an asymmetric redistribution, empowering the many from the many and create so a China style double digit growth rate! I know that almost all economic experts would agree with you, I won't! I'm deeply convinced that the more people are involved in the wealth creation process, the more our growth will increase! Have fun and take care! Best, Lucas

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Stephen Hinton

stephenhinton-678783

What is a people-centered local economy?

I agree entirely! You might be interested in the local sustainable investment instrument called Units of Trust. http://avbp.net/?p=334

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