We utilize a structure that gives the community the right to act collectively in development, administration and protection of the resources, and to generate income from the activities arising from them. Such an approach was not previously possible because:
1. The information systems capable of monitoring and informing such a system in real time were not available;
2. Societies had to first evolve to broadly support individual as well as corporate rights and freedoms;
3. Market-based solutions had to be possible at scale
4. Supply chain feedback had to empower vertical integration of all costs and burdens of production of a good; and
5. To promote efficiency in the system, liquidity was necessary in physical, financial, human and information capital.
These prerequisites have now been satisfied. Ironically, the very developments that allow the PCI model to be created could also accelerate further wealth consolidation because they only make capitalism more efficient. To avoid this result and guarantee the integrity of the commons, we must fundamentally change the economic and governance paradigms for these types of resources.
Our model separates the concepts of capitalism-driven efficiency from the ownership of the underlying capital. It implements the “service contract” approach at every level of management, utilization and service of public and common goods. In doing so, it avoids the pitfalls of privatization and bureaucratic inefficiencies, while allowing the commons to realize all the benefits of an owner (e.g., profit, asset appreciation, etc.). Such a structure, combined with appropriate information and risk management tools, creates powerful incentives for a community to exercise self-enforcement and maintenance of its commons assets. It promotes innovation and enables the necessary financing (“Prosperity Bonds” referred to in Pillar 3 below) for such commons development and other community enhancement efforts.
Through this novel solution of natural resource ownership, management and financing, we leverage the full power and efficiency of the free market system’s approach to risk and innovation. We can steward public goods and common good resources in a way that doesn’t provoke a need for privatization or nationalization. At last, through our model and our Actionable Information Platforms™, we can now resolve the Tragedy of the Commons and maximize the wealth of the commons for the benefit of the commons.
Here are the four pillars in our model:
Goal-Driven Public-Private Partnerships
PCI’s central objective is to keep public goods in public hands while achieving the same level of efficiency as a fully privatized system. We do this through a unique public-private methodology that separates concepts of capitalism-driven efficiency from ownership of the underlying capital. Through well-structured agreements and risk management, PCI’s...MORE +
Actionable Information Platforms
We will support our community ownership model structure through our own Actionable Information Platforms™. These AIP's integrate emerging digital tools such as sensor-based Internet of Things monitoring, social media connectivity and mobile accessibility to access low-latency, high-frequency information and provide system feedback at an unprecedented speed, scale and accuracy. With...MORE +
Development and Resource Recovery Financing – Prosperity Bonds
Communities require access to financing to support the development of infrastructure, food production (such as agriculture, aquaculture), general economic development efforts (such as ecotourism) and natural resources. Such financing is particularly important when environment and resource recovery efforts displace existing income sources for the impacted community, either temporarily or permanently....MORE +
The Prosperity Index
A unique component of the PCI solution is our ability to track common goods from producer to consumer. This “Prosperity Index” measures the conditions under which goods and services are produced and natural resources utilized -- in real-time. It relies on self-reporting tools that not only incorporate metrics around environmental...MORE +