A New Economy: The Ownership Society Joshua Farley Community Development and Applied Economics Gund Institute for Ecological Economics University of Vermont

Why do We Need a New Economy?

“preferences” vs. sustainability and Justice

Reclaiming Ownership Can Solve these Problems

Reclaiming Our Common Inheritance from Nature Waste absorption capacity: sky and water Waste absorption capacity: sky and water Renewable resources Renewable resources Inalienable property rights for future generations Inalienable property rights for future generations Fossil fuels, AK permanent trust Fossil fuels, AK permanent trust Keep them in the ground! Keep them in the ground! Collective ownership Collective ownership

Reclaiming Our Shared Inheritance Culture, information Culture, information Land Grant Universities Land Grant Universities Alternative energy Alternative energy Competition inefficient Competition inefficient Cooperation and shared ownership is sustainable, just and efficient Cooperation and shared ownership is sustainable, just and efficient Land Land 100% tax on speculation and unearned income 100% tax on speculation and unearned income Vs. REITs for prisons and casinos Vs. REITs for prisons and casinos VCAT VCAT

Royalties And License Fees Exports

Reclaim Finance Current system: ecological collapse or human misery Current system: ecological collapse or human misery Local currencies Local currencies State banks State banks Eliminate banks’ ability to loan money into existence Eliminate banks’ ability to loan money into existence 100% fractional reserve 100% fractional reserve Chicago plan Chicago plan Decentralize the central banks Decentralize the central banks State and municipal bonds vs. toxic assets State and municipal bonds vs. toxic assets

Reclaim Corporations Healthcare Healthcare ESOPs ESOPs CSOPs CSOPs Revoke corporate personhood Revoke corporate personhood 14 th amendment 14 th amendment Revoke corporate charters Revoke corporate charters

Reclaim Equality

Reclaim Democracy

Divest Now!