How can communities promote competitive opportunity, reduce business failures and loan defaults, and discourage monopolies, wealth hoarding, and other economic abuses?
A NewVistas economic community—or “econosystem”—administers capital as efficiently and equitably as possible, with checks and balances in place to promote competition and reduce economic manipulations. NewVistas economic communities are designed to be scalable and sustainable worldwide.
With the NewVistas pattern, management of most capital shifts from individuals to a strictly defined community system that is accepted by and transparent to all.
This approach amplifies free-market opportunities for community members and makes productivity, investing, and prosperity maximally attainable by all.
A community trust collectively owns all community capital, including funds, physical assets, and intellectual property. However, a NewVistas community is not communalistic; it does not simply redistribute funds and assets from a central pool.
Instead, individual participants lease housing, equipment, and other non-consumable wants and needs from the community, thus promoting individual responsibility, accountability, and productivity.
As described in this website’s Organizational Structure section, participant-staffed community agencies ensure that the community deploys its capital as efficiently and fairly as possible.
All community goods and services are provided by participant-owned, for-profit businesses. A community does not collectively own or operate any businesses within the community.
Participants function as sole proprietors or single-member LLCs, which NewVistas calls “stewardships.” Thus, no employees, partnerships, or stock corporations exist within a NewVistas community econosystem.
Community participants invest their surplus funds in the community-owned capital bank and, in return, receive a 12% annual dividend. The community banking system leverages this invested capital to build and maintain the community infrastructure and, as needed, to help participants fund their business stewardships.
For greater efficiency, synergy, and security, all stewardships use the community’s administrative system for payments, contracts, insurance, accounting, and so forth.
More Economic Freedom
For individuals, families, and communities, participating in a NewVistas econosystem provides many benefits attainable in no other way.
The NewVistas pattern enables people to use space, energy, and resources far more efficiently, resulting in fewer business failures, lower cost of living, and more capital available to grow individually owned stewardships.
Thus, NewVistas participants are freer to pursue a variety of work and activities that they truly desire, rather than trap themselves in a single full-time career to support a lifestyle in today’s expensive, wasteful, polluting urban sprawl.
- Rather, participants invest a minimum of $20,000 in the community-owned capital bank, and they are incentivized to also invest any surplus funds beyond $20,000. Participants receive a 12% annual cash dividend paid monthly on all their community investments, to which they retain a timed redeemable deed.
- As members of federal banking systems, community banks can leverage the community capital by a factor of 10 or more, using, for example, $20,000 in capital to create $200,000 in community loans.