• Agents of Change

    • Austrian Christian Felber is becoming the spokesperson for global discontent, a result of the capitalist economy’s questionable performance.

    Christian Felber: guaranteeing an economy for the common good / 

    Capitalism which is generally associated with the creation of wealth expressed through “economic growth”, has reached a historically critical level. Countries created Welfare after the 1929 financial crisis, with the purpose of providing public services that the lower and middle classes were unable to pay for themselves. Once again, in 2008, the financial crisis showed the strident economic unbalance: the state cannot financially cover all the social needs, nor can the market be so free that their only end is to generate wealth.

    It is obvious, to a lesser or a greater extent, that the economic system is far from considering public welfare as a priority. However, few alternatives have been proposed which seek to revert or encourage a new system, at least without becoming one of the radicalisms that failed over the course of the twentieth century; we lack viable short term proposals that contemplate the need for individual economic freedom, but which also guarantee the productive activity that answers to a sense of common wellbeing.

    Fortunately there are initiatives, which are growing stronger, which could soon be established as an effective way to transform the current economic paradigm. Since 2010 Austrian Christian Felber has developed, the practical Economy for the Common Good model, or a Public Good Economy, where the objective is to take advantage of the postulates of our current system, but as expressed through rights that guarantee common good. If the economic science that studies the production of goods and services for human satisfaction, it is evident that some of these are also collective and this science must take responsibility for them.

    According to Felber, companies should reconfigure their objective beyond the creation of wealth, instead privileging common good —while the state does not have to make sure this happens. Ferber’s Common Wealth Economy does not imply ideological extremes; it simply seeks to perfect the current system by redefining economic objectives.

    In this sense, Christian Felber becomes the spokesperson for a generalised dissatisfaction with the world, because we want fair changes, but which will imply accurate and strategic transformations in search of worthy and solidary financial objectives. We do not necessarily have to change the dynamic of the whole system, which seems to be completely out of our reach, but to substantially reform what we do have, taking a conclusive advantage of the lessons that blossom throughout our history.

    Tagged: economy, welfare, common welfare, Christian Felber, Agents of Change