Common Wealth

Common Wealth

Our current economic system is unsustainable, unfair, unstable and no longer improves our quality of life. The recent financial crisis forced governments to borrow and spend trillions to avoid a global collapse. Unemployment has reached unacceptable levels in many countries. Young people have been left without hope. Millions are on the move, many risking their lives, to find decent work to support their families.

A reformed financial system facilitating common wealth creation must become the new core of our economy. With the right policy initiatives, we can achieve an equitable distribution of income and wealth, as well as reverse climate change and the destruction of natural resources.

To tackle the interlinked financial, food, social and ecosystems crises requires reassessing the rules of finance. The World Future Council has identified best policy solutions to guide our global transition towards sustainable and equitable development.

Our economies and financial markets need to provide opportunities for individual development, social security and wellbeing for present and future generations, whilst promoting behaviour that is environmentally and socially responsible. This requires the right policy framework.

Divest from Unethical Practices

Divest from Unethical Practices

Divestment laws to ban investments of public money in unethical practices, which harm present and future generations, in order to ensure that our today’s savings do not harm us tomorrow.

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Ensure the Financial Sector Serves the Real Economy

Ensure the Financial Sector Serves the Real Economy

New financial instruments to be tested according to the precautionary principle before they are allowed to be sold as legally enforceable contracts.

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Implement a Green Tax Shift and Budgeting

Implement a Green Tax Shift and Budgeting

Taxes on labour to be gradually reduced and replaced by the taxation of CO2 emissions, non-renewable resources, land value gains and financial speculation. Government budgets to support the transition to sustainable societies and economies.

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Fund New Eco-Production from Central Banks

Fund New Eco-Production from Central Banks

Debt-free money creation by central banks to be introduced to fund environmentally sustainable development, job creation and infrastructure investment.

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