The “Common Welfare Economy” is an alternative economic system built on values that promote the common good.
It is a tool for economic, political, and social change – a bridge between old and new.
It is an open, participative process with grassroots growth and global significance.
The “Common Welfare Economy” provides the basic elements of an alternative economic framework. It encompasses three approaches:Market values and social values should no longer oppose each other.
The same values that contribute to fulfilling interpersonal relationships should be rewarded in the economy. Conformity with the constitution.
The economy should function in accordance with the values and objectives established by the constitutions of western democracies, which is currently not the case. Economic success should no longer be measured with monetary indicators (financial profit, GDP), but by what is really important, i.e. utility values (basic needs, quality of life, communal values).
The first draft of this model, including the Common Welfare Balance Sheet, was developed between 2009 and 2010 by a dozen entrepreneurs from Austria.
An increasing number of different types of actors are being constituted to support the model and the pioneer companies. Editors, scientists, speakers, ambassadors, etc. … numerous people offer their skills and knowledge in order to contribute to the joint development of the Common Welfare Economy.