PANACEA

Planetary Accounting Network Affording Communities Equitable Access, a new economic paradigm replacing profit-making with value-creation.

The world is in crisis on every front. There are environmental, social and political problems all underpinned by an economic system that skews the distribution of wealth toward the already wealthy while depriving the majority. That system is itself in meltdown. Alternative ideas put forward under the banner of ecological economics attempt to address one aspect or other of the problem but do not alter substantially the system. Tinkering around the edges is not enough to bring about a transformation of people’s relationship to the environment and to each other.

PANACEA posits a non-monetary Net Planetary Value (NPV) index to manage production, distribution and conservation of resources in an equitable system that recognizes ecological limits. The earth is supreme and all other economies are subsidiaries of it. We have been using a barter/exchange model for 10,000 years. It is time we evolved to a new modality.