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Principled Societies Project

Promoting the Wellbeing Centrality R&D Program, Developing the LEDDA Economic Democracy Framework

Who Should Be Interested?

Many groups might have interest in the wellbeing centrality program and the LEDDA framework. Consider that once a LEDDA is established, even in a modest size city, it's Crowd-Based Financial System (CBFS, see glossary for this and other terms) could potentially fund local nonprofit and for-profit organizations at a massive level. In a published simulation model of an idealized LEDDA in a US county of only 10,000 adults, annual CBFS funding was in the billions of tokens plus dollars (T&D).


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Academics and scientists

New, secure funding could exist for research projects in a wide variety of fields related to wellbeing and social choice system optimality.

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Funding agencies, foundations, and philanthropists

The opportunity is to achieve transformative public benefit and global public recognition with a relatively small social investment.

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Local governments

Tax revenues to local (and higher) governments could rise dramatically. In the published simulation model, total tax revenues tripled.

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Local schools, including higher education

LEDDA members could and likely would spend CBFS funds on public education (at all levels and grades)

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Local farms and small businesses

The CBFS funds local farms and businesses with subsidies and interest-free loans. Further, members patronize local businesses to build a strong local circulation of currency.

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Employees

Members use the CBFS to fund the types of jobs that they feel are meaningful and useful. Members create the kind of economy and jobs that they want.

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Families falling below the 90th percentile of income

Every family that joins a LEDDA sees an income gain. In the published simulation model, mean family income more than doubled.

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Families falling above the 90th percentile of income

A LEDDA exists to elevate collective wellbeing. Better public health, lower crime and pollution, and so on help all people, members or not.

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Public health agencies and health advocacy groups

LEDDA members could and likely would spend CBFS funds on public health and disease prevention programs. Higher incomes can also mean better access to health care.

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Environmental groups

A LEDDA can and likely would fund jobs in environmental protection and restoration, including sustainable agriculture

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Nonprofit organizations

The CBFS funds local nonprofits with subsidies and interest-free loans. The sector can grow large; in one simulation, it was about 50% of the workforce.

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Labor unions

A LEDDA eventually achieves a high and equal income for all members. Moreover, it funds meaningful jobs of the membership's choosing.

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Religious, spiritual, and social conscious groups

A LEDDA exists to elevate collective wellbeing; it works toward a just, peaceful, caring, and cooperative society.

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Open-source, open-design, and commons groups

A LEDDA generates intellectual property and shares it via a type of pool

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Public banks and credit unions

Public banks and credit unions are natural partners to help handle the potential billions in annual currency that could flow though a CBFS


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