a post growth people-centered local economy?
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.