What means Economy for the common good?

Here you may find some material which had been written by me during my former voluntary part-time activities in the local regional group 'ERW - Economy for the common good' of the movement "Economy of the common good" during the years 2018 and 2019!

The maxim of past and modern capitalism was and is to earn as much profit as possible for shareholders and owners irrespective of any other goals pursued or bad side effects exerted on the environment. In contrast, in the economy for the common good, good or bad effects on environment, stakeholders and society at large are defining for the success of a company. Instead of assessing wealth by means of a financial balance sheet alone, the impact on all relevant groups of society counts as measured and assessed by means of a common good balance sheet.

Concretely, the essential goal of a business should not to make more money, but to contribute as much common good to society at large as possible. This doesn't mean that financial statements should become obsolete, but they should be complemented by a common good balance sheet. And the latter should decide if a company or organisation receives more state subsidies, tax breaks or favourable governmental and municipal orders.

Remember, the clock is ticking! Nature is raped, resources are plundered, woods burn and cities are flooded! When is the time to react if not now? There is no time to be left. We have to take notice!

If you want to join your local regional group in the charitable nonprofit organisation 'Economy for the common good' in your neighbourhood, sign today and work with us together to make this dream come true! Currently it is just an ambitious dream, but tomorrow it could become reality! If we all work together!

If you like you may donate for this ambitious endeavour (which is hopefully in the end) made true by outstanding people and finest folks! Or join your local group now!