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
Renewable resources
Inalienable property rights for future
generations
Fossil fuels, AK permanent trust


Keep them in the ground!
Collective ownership
Reclaiming Our Shared
Inheritance

Culture, information


Alternative energy



Competition inefficient
Cooperation and shared ownership is sustainable,
just and efficient
Land



Land Grant Universities
100% tax on speculation and unearned income
Vs. REITs for prisons and casinos
VCAT
Royalties And License Fees
Exports
Reclaim Finance




Current system: ecological collapse or human
misery
Local currencies
State banks
Eliminate banks’ ability to loan money into
existence



100% fractional reserve
Chicago plan
Decentralize the central banks

State and municipal bonds vs. toxic assets
Reclaim Corporations




Healthcare
ESOPs
CSOPs
Revoke corporate personhood


14th amendment
Revoke corporate charters
Reclaim Equality
Reclaim Democracy
Divest Now!