Elements of Systemic Change

In 2000, the sales of the top 200 corporations were 18 times the combined yearly income of the 1.2 billion people living in 'severe' poverty.
The Strategic Corporate Initiative creates an excellent foundation on which to base a yet larger conversation and policy agenda. The following are some of the measures to consider.

  • Replace money indicators with life indicators as the measure of progress.

  • Create and apply appropriate tools for making investment decisions based on returns to living capital rather than returns to financial capital.

  • Roll back concentrations of economic power and the division between workers and owners by implementing a progressive wealth tax on people and corporations, democratizing the ownership of economic assets, and placing strict limits on inheritance to implement a modern version of the Jubilee that redistributes assets to restore social balance at the end of each lifetime.

  • Locate responsibility for setting economic rules and priorities in democratically accountable institutions of government at the most local level feasible in order to maximize opportunity for full public participation.

  • Limit political participation to real people, which means barring corporations of all types from political participation. End the practice of allowing corporate tax deductions for advertising and lobbying expenses.

  • Enforce cost internalization through regulations, service fees, and legal liability of individual and institutional investors for harms caused by for-profit corporations they own.

  • Discourage financial speculation by confiscatory taxation of short-term capital gains and all gains from purely speculative buying and selling of financial assets.

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