Resource on Redesigning Ownership for a Great Transition

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The Architecture of Enterprise:
Redesigning Ownership for a Great Transition

by Marjorie Kelly.

A Great Transition Initiative (GTI) Perspectives on Critical Issues publication.

Pat Conaty of BALTA Finance Research Cluster recommends this discussion paper for the clarity it provides about the core difference between ‘extractive finance’ and ‘generative finance’. He notes that it provides a set of principles that are key to focus hearts and minds on reinventing money and capital for ownership sharing and transfer purposes.

From the introduction to the paper:  “A GROWING ARRAY OF ALTERNATIVE OWNERSHIP DESIGNS point to a fundamentally different kind of economy, where basic social architectures – the architectures of ownership – are designed to be life-supporting. This kind of economy may be more likely to create fair and just outcomes, to benefit the many rather than the few, and to enable an enduring human presence on a flourishing earth. Emerging ownership models represent the potential foundation for such an economy. They embody an emerging archetype that has yet to be recognized as a single phenomenon with a single name. This archetype provides an alternative to the dominant ownership archetype of today, which can be called “extractive,” for it aims at extracting maximum amounts of financial wealth. The emerging family of ownership designs can be called “generative,” for their aim is to generate the conditions for our common life to flourish.”

Marjorie Kelly is a fellow at the Tellus Institute in Boston (www.tellus.org) and author of the new book, Owning Our Future: The Emerging Ownership Revolution (San Francisco: Berrett-Koehler, 2012), which this GTI Perspective draws on.

GTI PERSPECTIVES ON CRITICAL ISSUES – The Great Transition Initiative is an international group working for a planetary civilization rooted in solidarity, sustainability, and human well-being. With this long-term goal as our frame of reference, GTI Perspectives assess pressing near-term policy questions.

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