Economy for the Common Good
(Economía del Bien Común)
Is a social movement
advocating for an alternative neoliberal economic model. It calls for workig
towards the common good and cooperation instead of profit-orientation and
competition which lead to greed and uncontrolled growth.
Christian Felber coined
the term in his book Die Gemeinwohl-Ökonomie - Das Wirtschaftsmodell der Zukunft, published in 2010.
According to Felber, it
makes much more sense for companies to create a so-called "common good
balance sheet" than a financial balance sheet. The common good balance
sheet shows the extent to which a company abides by values like human dignity,
solidarity and economic sustainability.
Economy for the Common
Good calls for reevaluating economic relations by, for example, putting limits
on financial speculation and encouraging companies to produce
socially-responsible products.
