The Common Course and Commons Action for the UN are two collaborative projects by Global Commons Trust & partners. GCT describes transition to sustainable and just economics via deliberative resource charters & trusts.
Website: http://globalcommonstrust.org/
Group Type: Partnering Organizations
Members: 6
Latest Activity: Dec 21, 2011
A commons trust is a legal entity responsible for protecting a shared asset that is inherited from past generations, or is presently being created, on behalf of current and future generations. Because it is common property — held in trust and not owned by anyone — the commons are insulated from any claims by private individuals, business, government or other trusts.
• Commons trusts are the only fiduciary institutions in society that are accountable for the long-term preservation, sustenance or creation of depletable commons. That’s because neither of our existing property regimes — private nor public — have a mandate to guarantee long-term protection, creation and use of these critical resources and thus ensure the common capital of the planet.
• Commons trusts are also the only social institutions capable of protecting and incentivizing the creation of replenishable commons. Commons trusts are able to stimulate and protect the co-production of a replenishable resource because they use measures other than scarcity-based pricing to value these common goods.
• The creation of commons trusts allows the private and public sectors to continue to focus on profit, investment and budgetary appropriations, while the commons becomes a primary means of generating social innovation and stabilizing the principal of commons reserves to maintain the diversity and sustainability of the overall economy.
This group does not have any discussions yet.
Comment
Comment by Mary Beth Steisslinger on September 2, 2011 at 11:09am 
Comment by Les Squires on August 31, 2011 at 7:02am
Resourcesglobalcommonstrust.org/?...
Global Commons Trust by JB ...
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Comment by Les Squires on August 31, 2011 at 7:01am 
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