1. A New Economic System Equity, Diversity and Values
Stewart Wallis Colorado May 2017

2. Four Systemic Flaws-The 4 U’s
Unsustainable
Unfair
Unstable
Unhappy

3. Inequality & Unemployment
Richest 8 individuals on earth have as much wealth as poorest 3.5 billion – half of humanity
1% more wealth than 99%
Over the next 20 years, 500 people will hand over $2.1 trillion to their heirs – a sum larger than the GDP of India, a country of 1.3 billion people.
The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.
A UK FTSE-100 CEO earns as much in a year as 10,000 people in working in garment factories in Bangladesh.

4. Inequality & Unemployment
In the US, new research by economist Thomas Piketty shows that over the last 30 years the growth in the incomes of the bottom 50% has been zero, whereas incomes of the top 1% have grown 300%.
Pay of CEOs of US top 500 companies 373 times average employee
Youth unemployment in Spain over 44%

5. UN Population Forecasts
Billion
Billion
Billion

6. Need to Create 50 Million New Livelihoods/Jobs per year between now and 2050

7. Figure 4 – Average Rate of Unemployment by 2050, by 10-year increments

8. Critical Challenge
Providing enough good livelihoods While remaining within Planetary limits

11. ― Sebastian Junger, Tribe: On Homecoming and Belonging
“Humans don’t mind hardship; in fact, they thrive on it; what they mind is not feeling necessary. Modern society has perfected the art of making people not feel necessary. It's time for that to end.” 
― Sebastian Junger, Tribe: On Homecoming and Belonging

12. Necessary but not sufficient
Incremental Change
Green Keynesianism
Subjective Wellbeing
Circular Economy
Necessary but not sufficient

13. Systemic Change Keynesianism Neoliberalism
Two big changes in the 20th Century:
Keynesianism
Neoliberalism

14. Discredit Existing Narrative

15. Champion a New Narrative

16. Weaken Existing Power Bases

17. Build New Power Bases

18. Neoliberal Principles
Limited Government
Individual Freedom
Free Enterprise
Strong Defence
Cut the Welfare State
Take on the Unions
Lower taxes
Explains Worldview
Generates clear frames
Allows autonomy
Heritage foundation ref – where did this come from, basic premise of project, whats missing in analysis – we work in silos, why network an important part of this – why needed and how to do it (coproduce – something the- have to does something – cannot do this just electronically), inspirational – moulding it – at the beginning – nef is just another member

20. Necessary To Counter This Is
Clarity on Goals and Principles
A Values Shift
A Powerful New Story
A Vanguard New Economics Movement

21. Goals Of The New Economy
Meet Needs of All
Live Within Planetary and Local Limits
Strengthen all life and all ecosystems
Maximize Well-Being of all species
Much Fairer-Think Denmark

24. Values and Principles
An economy based on the values of well-functioning families and households would be:
Rooted
Fair
Secure
Flourishing
Sustainable
Welcoming
Creative 

25. New Institutional Framework
Strong Democratic Economic Management
Diversity and Appropriate Scale.
New Measures of Progress
Businesses with Social and Bio-centric DNA
Regeneration and Extension of Global Commons.
Limits on Material usage and Economic Growth.
Radical Financial System Reform
A New Global Compact.

26. Shift From Consumers and Owners to Caretakers and Creators

27. Move from an Anthropocentric World View and Approach to A Bio Centric One.

28. Movement Building Civil Society Research & Policy
New Economic Practitioners
Business Leaders
Faith Groups
Arts and Creatives

29. STRUCTURE OF A MOVEMENT
Spokespeople & stories
Campaigns (set piece battles)
Institutions
ABOVE GROUND
BELOW GROUND
Common values & principles
Capacity (resources, people, skills)
Unifying Narrative
Strong leaders
Shared strategy
Diverse community

30. Personal flourishing Connect... Be active... Take notice...
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31. Thank You Stewart Wallis Lancaster University
Advocate For A New Economic System