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The Next Economics: CiviceSocial Capitalism Chapter j 11 231

At the root is the fact that the objective is not to maximize sales and profits
but to maximize the public good.
The public good is not assumed from economic theory to follow from firms
competing to lower prices through higher productivity, but lower prices and a
higher value are assumed to follow from maximizing the public good.
Although evidence on this topic is increasing, we acknowledge that it is not
definitively proven. However, we simply know that the old economics did not
work.
California is the global laboratory for the agile energy system and the first
“sustainable nation state” that is building its energy system on a new set of
economic assumptions after being blacked out by deregulation built on the old
assumptions. To fully develop the agile energy system, Californians must
continue to put civic concerns over private profits, and build an energy
infrastructure based on what is good for the public. As a “bellwether” nation
state, California has the opportunity to lead the world in the new energy
system.

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