The Economy for the Common Good

Through a system of inclusive “sovereign democracy,” an “ethical market economy” can emerge that focuses on increasing the quality of life for everyone, promoting human dignity and rights, and ensuring ecological responsibility and social justice. Such an economy would have a “new bottom line”: instead of accumulation of wealth as measured by gross domestic product, a “common good product” would measure quality of life, the meeting of basic needs and environmental stewardship. Already, about 400 companies have “Common Good Balance Sheets” that serve as models for policy changes that would allow this vision to be fully realized.