Page 235 - Sustainable Cities and Communities Design Handbook

Chapter 11

The Next Economics:

CiviceSocial Capitalism

Woodrow W. Clark, II
Clark Strategic Partners, Beverly Hills, CA, United States

Chapter Outline
Introduction 209 Stimulating Innovation for
A New Framework for Sustainable Environment and
Understanding Energy and Energy Systems 224
Economics Within the Context of Networks and Social Relations
Civic Society 211 as Opposed to Only Numbers 225
The Advantages of Cooperation Economic Collaborations and
Over Competition 215 Partnerships in Action 228
The Economic Advantages of Conclusion: Maximizing the Public
Civic Capitalism 218 Good in Energy Economics 230
The Civic Markets at Work 222 References 231
Further Reading 232

INTRODUCTION

The energy crisis in California was a challenge for all its citizens. The “design
flaws” or “restructuring,” as some economists now label it, were not the only
problems. As new energy systems are envisioned and constructed to respond to
the crisis, policy makers must reformulate the basic premises that led to the
crisis in the first instance. This means reevaluating the politicaleeconomic
foundations that led to deregulation. These assumptions must be recast to
provide a new direction that will provide cheap, reliable, and environment-
friendly electricity without relying on price competition as the main eco-
nomic tool.
The extent to which the old basic premises need to be replaced is clear not
only from the failure in California but also from the more widespread prob-
lems with deregulation or privatization in other states and nations. Growing
evidence appears to indicate serious problems with energy sectors worldwide

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