Initiatives
The Common Good

About The Common Good ... the Common Good Agreement ... the foundation for the economic interactions that take place within the Common Good community

Burgess COMMENTARY

Peter Burgess

The Common Good Agreement

A. I recognize that:
Common Good Credits are intended as the basis for a Common Good Economy, a democratic, community-centered economic system that puts people and planet first.
When I pay or accept payment in Common Good Credits, I am building the Common Good Economy.
When I pay attention, make suggestions for improvement, and participate in decisions with other Common Good members, I am building the Common Good Economy.

B. As a responsible participant in the Common Good Economy:
As long as I can spend my Common Good Credits easily or exchange them easily for US Dollars, I will accept them without limit as payment for my goods and services (or labor). I will exchange Common Good Credits for US Dollars only if I cannot spend them easily.
I will accept Common Good Credits from members of any Common Good Community in good standing.
If needed, I will back Common Good Credits up to my average monthly use over the past six months.

Whenever I exchange Common Good Credits for US Dollars or vice versa, I will exchange them one for one, and I will price my goods and services (or labor) the same in Common Good Credits and in US Dollars.

I understand I may receive from the community a credit line that I can spend but cannot cash out. If I use my credit line and then stop participating (or the system closes down), I will bring my negative balance up to zero as soon as possible.

When there is a dispute in my dealings with other Common Good participants, I will follow the Dispute Resolution Process and will honor its outcome.

I agree to participate in managing the Common Good Economy to the best of my ability and as my life circumstances allow.