Moral currency - a new way of measuring the true cost of goods and services

Moral currency introduces a way to bring into account all the hidden costs of various goods and services holding companies and people accountable for their actions and allows consumers, employees and investors to make sound decisions on whether to support businesses. This new currency would have weighted multi-tiered levels to help people understand what their currency can buy.

I recommend that an non-biased panel of experts oversea this metric and allow the general public to contribute via a Wiki style web site for each company and service to help point out problems and solutions that each company has.

This new value will then allow people to make decisions based upon many other factors then just the dollar cost of an item or service.

The broad categories I recommend are as follows.

1. Impact on the Environment such as the amount of greenhouse gases a company produces, other environmental pollutants, the sustainability of utilized resources to provide the goods and services such as raw materials and water.

2. Impact on Employees such as the ability for the company to create living wages for it's workers, supply them with a healthy work environment, ability to keep their workers safe from harm, etc.

3. Impact on overall society. A company that creates educational tools for children may have a higher rating than a company that creates tools to destroy human life. It is important to look at this from a world citizen perspective as politics may make one thing look good in one region and bad in another.

I welcome comments and suggestions to make this idea a reality

Category:

Nonprofits & Activism

Tags:

• moral currency
• davos
• ethics
• dollars
• corporate greed
• new economy

[Evenkeeled1]

YOU are hot!! A man with a sexy mind and vision, Cool

Sincerely Dudett (not Dude)

[BeaucoupRed]

On the topic of ethics. The rats are jumping ship.

CHEMRISK - a research company hired by the Corn Refiners Association has recently taken down it's YouTube channel.

The removal was in response to negative public perception resulting from the discovery of dangerous levels of MERCURY in HIGH-FRUCTOSE CORN SYRUP. Apparently it has become a liability to defend the sweetener.

See one of the last remaining ChemRisk videos at CornRefinersAssoc on YouTube.

[Sepero1]

I think the concept is great, as long as it's my subjective moral system we use, and not your subjective moral system.

[dakshinamurti]

I whole heartedly support the concept, but it's not clear to me what such currency is, who issues it, what it can be traded for... This video explains the motivation, but not the mechanics of the system. Can you please develop this? Thanks.

[nekopheliac]

Thank you,

This is a very relevant component of a successful alternative for our current monetary system. I believe that we need a fair (don't laugh) barter and trade system that is monitored, organized and most importantly volunteer run (profitless) by anyone from anywhere. The value of products and services would be derived purely by their demand. Anyone could appraise and rate any product or service. A pure credit system. Market speculation replaced with broad and dynamic appraisals.

[MysteriousMaskMan]

Hum... Interesting concept, creativescientist.

I will comment later in my spare time. I wil give my biological evolutionary approach on this matter.

Meanwhile have a look on my channel and videos.

[PayHere]

The morally corrupt and powerful will always find a way to exploit others. It doesn't help when you also have egomaniacal politicians like Bush or Obama who will say one thing and do another. Yet, idiots support them.

[videosforblogs]

Would love to see this become a reality!