The Economy of Communion (EOC) project is an initiative of the international ecclesial and ecumenical Focolare Movement, and is a concrete attempt to address acute social problems by creating businesses that are integral parts of their communities. The project requires member businesses to commit, after an appropriate investment in the sustainability of the business, a part of their profits to direct aid for those in need and another part toward nurturing a “culture of giving”(http://www.edc-online.org). The EOC presents examples of companies that are both successful global competitors as well as clear and intentional manifestations of “lived” faith in the business world. It was started by Chiara Lubich in May 1991, in São Paulo, Brazil, with the aim of building a human society where, following the example of the first Christian community in Jerusalem, "no one among them was in need". 1
The Economy of Communion is able to help those in need through their profits, as well as by how they treat their employees, clients, and the general public. Although the initiative started as a religious movement, in the core of the Focolare Movement, it is evolving into a humanitarian movement irrespective of religious allegiance.
It was established in 1991. 2 The Economy of Communion businesses began with the active participation of those in need — hundreds put their resources together, often selling chickens or other livestock to purchase "shares" for the initial capital. 2 Over 750 companies all over the world continue to work together to keep the Economy of Communion going to fulfill the needs of those around them. 3
Examples of Economy of Communion businesses in the United States:
A local exchange trading system is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency. LETS allow people to negotiate the value of their own hours or services, and to keep wealth in the locality where it is created.
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.
The triple bottom line is an accounting framework with three parts: social, environmental and financial. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. Business writer John Elkington claims to have coined the phrase in 1994.
Interfaith dialogue refers to cooperative, constructive, and positive interaction between people of different religious traditions and/or spiritual or humanistic beliefs, at both the individual and institutional levels. It is distinct from syncretism or alternative religion, in that dialogue often involves promoting understanding between different religions or beliefs to increase acceptance of others, rather than to synthesize new beliefs.
The Focolare Movement is an international organization that promotes the ideals of unity and universal brotherhood. Founded in Trent, northern Italy, in 1943 by Chiara Lubich as a Catholic movement, it remains largely Roman Catholic but has strong links to the major Christian denominations and other religions, or in some cases with the non-religious.
Communion and Liberation is an Italian Catholic movement founded in 1954 by Fr. Luigi Giussani. The official name is the Fraternity of Communion and Liberation. Its aim is to present the Christian event in a way which is in tune with contemporary culture, making it a source of new values for the modern world. The name Communion and Liberation first appeared in 1969 and it synthesizes the conviction that the Christian event, lived in communion, is the foundation of man’s authentic liberation.
A worker cooperative is a cooperative owned and self-managed by its workers. This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by every worker-owner who each have one vote.
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental, the Triple bottom line, well-being—this may include maximizing social impact alongside profits for co-owners.
The social economy is formed by a rich diversity of enterprises and organisations, such as cooperatives, mutuals, associations, foundations, social enterprises and paritarian institutions, sharing common values and features:
Chiara Lubich, was an Italian teacher and author who founded the Focolare Movement, which aims to bring unity among people and promote universal fraternity.
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural, and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
Sister Cities International (SCI) is a nonprofit citizen diplomacy network that creates and strengthens partnerships between communities in the United States and those in other countries, particularly through the establishment of "sister cities". A total of 1,800 cities, states, and counties are partnered in 138 countries around the world. The organization "strives to build global cooperation at the municipal level, promote cultural understanding and stimulate economic development".
The Evangelical Orthodox Church (EOC), founded on January 15, 1979, is a small Christian syncretic denomination established by former leaders of Campus Crusade for Christ, who, reacting against the freewheeling Jesus People movement, developed their own synthesis of Evangelicalism, Eastern Orthodoxy, and Shepherding Movement principles.
An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, and social enterprise.
The organization SEKEM was founded in 1977 by the Egyptian pharmacologist and social entrepreneur Dr. Ibrahim Abouleish in order to bring about cultural renewal in Egypt on a sustainable basis. Located northeast of Cairo, the organization now includes:
Under New Zealand law, a licensing trust is a community-owned company with a government-authorised monopoly on the development of premises licensed for the sale of alcoholic beverages and associated accommodation in an area. This applies to both on-licence and off-licence sales.
The term Eastern Protestant Christianity, as well as Oriental Protestant Christianity, encompasses a range of heterogeneous Protestant Christian denominations that developed outside of the Occident, from the latter half of the nineteenth century and yet keeps elements of Eastern Christianity, to varying degrees. Most of these denominations came into being when existing Protestant Churches adopted reformational variants of Orthodox Christian liturgy and worship; while others are the result of reformations of Orthodox Christian beliefs and practices, inspired by the teachings of Western Protestant missionaries. Some Eastern Protestant Churches are in communion with similar Western Protestant Churches. However, Eastern Protestant Christianity within itself, does not constitute a single communion. This is due to the diverse polities, practices, liturgies and orientations of the denominations which fall under this category.
The open-source-software movement is a movement that supports the use of open-source licenses for some or all software, a part of the broader notion of open collaboration. The open-source movement was started to spread the concept/idea of open-source software. Programmers who support the open-source-movement philosophy contribute to the open-source community by voluntarily writing and exchanging programming code for software development. The term "open source" requires that no one can discriminate against a group in not sharing the edited code or hinder others from editing their already-edited work. This approach to software development allows anyone to obtain and modify open-source code. These modifications are distributed back to the developers within the open-source community of people who are working with the software. In this way, the identities of all individuals participating in code modification are disclosed and the transformation of the code is documented over time. This method makes it difficult to establish ownership of a particular bit of code but is in keeping with the open-source-movement philosophy. These goals promote the production of high-quality programs as well as working cooperatively with other similarly-minded people to improve open-source technology. This led to software such as MediaWiki, the software with which the Wikipedia website is built.
A sustainability organization is (1) an organized group of people that aims to advance sustainability and/or (2) those actions of organizing something sustainably. Unlike many business organizations, sustainability organizations are not limited to implementing sustainability strategies which provide them with economic and cultural benefits attained through environmental responsibility. For sustainability organizations, sustainability can also be an end in itself without further justifications.
In capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of companies hiring employees to produce products to sell to consumers. It includes the shared creation, production, distribution, trade and consumption of goods and services by different people and organisations. These systems take a variety of forms, often leveraging information technology to empower individuals, corporations, non-profits and government with information that enables distribution, sharing and reuse of excess capacity in goods and services.
What is the Economy of Communion in Freedom?