So what is the framework?
It starts with an understanding that all those on the planet have equal rights to the fruits of the planet. As was verbalised rather nicely by Thomas Paine;
“the earth, in its natural, uncultivated state was, and ever (would have) continued to be, the common property of the human race”.
Obviously since then a lot has changed. The richest 8 people of the world own as much as the bottom 50%, most of them having accumulated their wealth through wood (paper), oil and ocean transport and most recently selling us advertising.
As he then understood - and we as modern humans are slowly starting to re-discover, is that inequality creates a multitude of problems for society. From health to food to energy, primarily hitting those who are the most vulnerable already.
In a circular economy, what we’ll need is completely transparent value- and supply-chains. This means that the resources used within a circular economy would be: traced and stored across all industries; through to individual manufacturing sites; down to the household consumption level.
Utilising technologies such as blockchain and automated systems will enable secure and independent tracing of usage and allocation, allowing for non-partisan decision-making regarding the taxation.
This will enable a clear overview of what planetary resources are used for what purpose. This data is already available - however there is currently no economic incentive nor legal framework to enforce sustainable usage of these resources.
Our proposal would set out to include the so-called ‘externalities’ (water, soil, air, non-renewable resources) in the cost of production - (as they are currently ‘free’, or virtually so for corporations- and tax their usage and the value derived to fund a universal basic income.
We understand this will likely create resistance in both the business and government community, however; it is the only way to ensure a sustainable economic structure that does not increase the current inequality levels. It’s time to face the music and hold responsible those who value most of the use of the commons.
Read about our goals here.