Doing the Economy One Better
Seems there is a movement afoot to do the economy one better. There will be a conference Beyond GDP held in Brussels in November.
GDP is the best-recognised measure of economic performance in the world, often used as a generic indicator of progress. However, the relationship between economic growth as measured by GDP and other dimensions of societal progress is not straightforward. Effectively measuring progress, wealth and well-being requires indices that are as clear and appealing as GDP but more inclusive than GDP—ones that incorporate social and environmental issues. This is especially important given global challenges such as climate change, global poverty, pressure on resources and their potential impact on societies.
The European Commission, European Parliament, Club of Rome, OECD and WWF will host a high-level conference with the objectives of clarifying which indices are most appropriate to measure progress, and how these can best be integrated into the decision-making process and taken up by public debate.
This link is to a list of indicators that are being discussed.
While people look to come up with a better measurement, there is a movement coming to your town that has happened throughout the rest of the world: The Solidarity Economy Network.
The Solidarity Economy offers an alternative economic framework to that of neoliberal globalization – one that is grounded in solidarity and cooperation, rather than the pursuit of narrow, individual self-interest.• It promotes social and economic democracy, equity in all dimensions (e.g. race, class, gender…) and sustainability.• It is pluralist and organic in its approach, allowing for different forms and strategies in different contexts, and is open to continual change driven from the bottom up whether in civil society or the marketplace.
Of course, a move to do the economy one better would not be complete without a discussion of the “corporation”.
There is a Summit at Faneuil Hall, Boston asking: Are Corporations equipped for the 21st century?
The Summit…is inspired by the growing tension between the emergence of the corporation as the world’s most powerful and innovative social institution and the growing severity of social and environmental problems that plague billions of people. As the tension between these two realities grows, the roles, responsibilities and rights of business are the subject of increasing controversy, as are the relationships of the corporation to government and civil society.
The Summit marks an historical moment for considering how the most influential social institution of our time can serve the broader public interest essential to its own long-term prosperity, and to begin designing corporate forms that recognize the reciprocity between private and public interests.