Combining the power of campaigns for economic change
Markets are failing. Instead of competing creatively to increase new, useful production, people are forced to compete for the ownership of existing wealth.
In housing, banking, trade and enterprise, all the emphasis is on boosting asset values, rents and marginal returns for the fortunate few, while depressing wages and increasing borrowing for everybody else. Regulation doesn’t help, because it doesn’t change fundamentally what the markets are trying to do.
In response to this, many organisations are campaigning to change the conditions in which the market operates. This means changing expectations of what the market is trying to do. For example:
- Affordable housing for all, instead of higher house prices;
- Productive social enterprise, not just shareholder profit;
- Money as a means of exchange and liquidity rather than as a vehicle for hoarding stored wealth;
- Trade that brings producer and consumer closer together, rather that introducing more and more middlemen;
- Money allocated to everybody so that they can participate in the market, instead of giving benefits to people whom the market excludes.
These campaigns are inter-related, but many are operating on their own and therefore missing out on the benefits of combining their resources.
Human Politics aims to draw these campaigns together into a common platform, particularly through a new campaign that challenges directly the expectations of the market.
This new campaign is to change the way that economic activity is defined, measured and quantified. To stop measuring only money transactions in the form of GDP, and start measuring economic activity in terms of real, human value – the sort of value that allows both people and the natural environment to flourish.
Only when they measure what people really care about will governments develop the correct policies to make these things happen.