The Global Society for Good Leadership is a network of leaders and innovators advocating for ethical and sustainable leadership. Through their new Business for Humanity webcast, they delve into diverse proposals and ideas to reimagine and improve capitalism, inspiring and empowering individuals and organisations in their decision-making practices.
In their latest edition, they interviewed Christian Felber, founder of the Economy for the Common Good (ECG). His ideas have already brought together over 4,500 companies, municipalities, universities and private individuals. The interview explores how the ECG, grounded in democratic values, sustainability, and solidarity, is creating an economy that serves the well-being of all individuals and communities. It discusses how collaborative action and institutional innovation can reshape the economy and foster a more just, equitable, and sustainable world. The interview delves into the intricacies of political and economic institutions needed to transform a capitalistic incentive system focused on growth and individual profit, including Christian’s concept of a cooperative market economy and the radical reformation of finance and banking. They discussed answers to questions such as “Is there an economy for the common good?”, “What are the foundations of his economic model of the future and what is the common good anyway?”.
The ECG addresses crises in the current capitalist market economy by realigning business values with societal values. It proposes a comprehensive approach to political institutions, fostering democratic participation and prioritizing the common good. The ECG envisions an economic order where the pursuit of the common good is the overarching goal of business, promoting a cooperative market economy. It proposes a radical transformation of finance and banking, with money as credit becoming a public good. ECG objectives include promoting the democratization of enterprises, a fairer distribution of company results, and employee ownership schemes. The ECG change approach involves local chapters, expert teams, public speakers, and consumer engagement to promote its principles and drive change.
You can access a live video recording: Introduction, Presentation, Q&A, Meta Inquiry here.
Learn how you can be a part of this transformative movement, and join us in working towards an economy that truly serves the common good.
