Eco cities nondominium
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Transcript of Eco cities nondominium
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Fostering Mutualisation of Goods & Services with Economic and Legal Frameworks
Eco Cities Conference - SF5
Chris Cook
Nantes 26th September 2013
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“21st Century problems cannot be solved with 20th Century solutions”
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Introduction - Resilience
Resilience - the enduring power of a body or bodies for transformation, renewal and recovery through the flux of interactions and flow of events
Resource Resilience – Natural Grid
Financial Resilience – Open Capital
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Financial Resilience – Open Capital
Prepay – credit returnable in payment for value
Protocols – Contrats de Société/social agreements
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Prepay
Tax
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Tax Prepay
Tax Prepay – credit returnable in payment of taxes
Tax Return – 'stock' part of tally stick returned to Treasury
Rate of Return - rate over time at which stock is returnable for cancellation
eg Prepay £8 for £10 tax - £2 profit 25% pa rate of return
- not fixed - depends on existence & quantity of flow
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Capital Partnership
Custodian(Community)Custodian(Community)
InvestorInvestor
UserUser
Prepay%
ManagerManager
Value
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Capital Partnership
An agreement or Protocol: not an Organisation
A consensually negotiated framework agreement for self organisation to an agreed common purpose
Does not own anything; employ anyone; borrow anything; or contract with anyone
A Co-operative of Co-operatives or Partnership of Partnerships
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Land Partnership
Custodian(Community)Custodian(Community)
InvestorInvestor
OccupierOccupier
RentalPrepay
%
%
ManagerManager
Rental
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Land Prepay – the Value Proposition
Community
- sells rentals forward and locks in price
- interest-free loan until prepay unit returned vs rental
Occupier
- prepays rental and locks in price
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Land Prepay – the Value Proposition
Investor
- direct 'inflation hedge' investment in land
- Occupiers buy prepay credits from Investors at best price below issue price & return against rental
Manager
- shares in gross rentals or production
- interests aligned with Investor
- no 'Principal/Agency' problem
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Land Partnership - Outcomes
Contrat de Société - relationship-based not transaction-based - costs transformed to revenue shares
Neutral – removes ego and politics
Collaborative - stakeholder interests aligned
Sustainable - shared interest in minimising cost over time
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21st Century Problem
Retiring Generation
-'long' of Property and 'short' of Care for themselves and their property
- poor returns on deposits (loans to banks)
Working Generation – burdened with bank property debt
Young Generation – long of Care but short of Property
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21st Century Resolution
Retiring Generation
- exchange rental credits for care
- invests directly 'Peer to Asset' in rental credits
Working Generation – direct investment in rental credits replaces bank property debt
Young Generation – care exchanged for rental credits
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21st Century problems cannot be solved with 20th century solutions.........
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…....21st century solutions pre-date modern finance