Does changing the way we do business hold the key to creating a world where resources are shared more equitably and consumed within planetary limits? According to Professor Donnie Maclurcan of the Post Growth Institute, the answer is a definitive yes—but only if we can fully embrace a business model that doesn’t require profits to be distributed to shareholders, and works instead to reinvest revenues back into the company. Increasingly, socially and environmentally conscious entrepreneurs are adopting not-for-profit (NFP) business practices across the whole spectrum of traditionally for-profit sectors. Maclurcan, whose book ‘How on Earth’ co-authored with Jennifer Hinton is due out next year, firmly believes that the NFP model presents an alternative macroeconomic framework with the potential to revolutionise how we produce goods and services, and thereby pave the way for an ‘economics of enough.’ Continue reading →
Governments must accept that the root causes of poverty, inequality and climate change will never be addressed without substantial reforms to the global economy. In the meanwhile, the post-2015 development goals need to be much more ambitious about preventing avoidable poverty-related deaths within an immediate timeframe. Continue reading →
Panama Papers: Reigniting the debate for a global tax body
Posted on April 21, 2016 by Rajesh Makwana
Buried beneath the sensational revelations making headlines in the wake of the Panama Papers is a simple truth about the importance of fair and effective tax systems: revenues from taxation—whether from company profits, capital gains or wages—are crucial for maintaining nationwide mechanisms of economic sharing that safeguard the basic needs of citizens. Not only does the redistribution of tax revenue allow governments to fund safety nets and public services designed to keep poverty at bay, it maintains the infrastructure needed to facilitate a wide variety of social and economic activities, from public transport and roads, to schools and hospitals. Continue reading →