Iceland economy is recovering from its collapse a few years ago? How? Because it has pushed losses on to bondholders instead of taxpayers, and because it has safeguarded a welfare system that shielded the unemployed from poverty.
Fixing the free market. How co-ops — businesses in which the employees are also the owners of the company — merge economic growth with social goals.
Eufrecina De Jesus, ICDC’s founder and director, says the cooperative model—in which the employees are also the owners of a company—is the only solution for combining the power of business with the social goal of solidarity.
World peace would save the global economy $7 trillion a year. Becoming more peaceful translates into economic gains because less money needs to be spent on security and can be invested instead to make the country more prosperous.