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SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt

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The Meaning of Sufficiency Economy <br />

International Conference<br />

163<br />

all Americans lived in urban areas. In May 2011 the consumer debt in the US was<br />

$793 billion 6 or $2,583 per capita, man, woman, and child while total household<br />

debt rose to $13.4 trillion in 2011 ($43,647 per capita). 7<br />

How does one find moderation from this extreme? I would like to propose that<br />

the path to this involves scaling back and rebuilding supportive community where,<br />

one person at a time, we rediscover healthy values.<br />

As background, in 2008 there were 29.6 million businesses in the US and<br />

99.9% of those businesses are SMEs. 8 About 55% of all jobs in the private sector<br />

are in SMEs. 9 Over the last decade small business have generated between 60 and<br />

80% of net new jobs annually. 10<br />

In 2009 I studied eight businesses in the Denver, CO area and the business<br />

network that all but one are members of. All of these businesses qualified as SMEs<br />

(less than 500 employees). They ranged in size from no employees to<br />

approximately 350 employees. They were a mixture of manufacturing, service,<br />

retail, and education businesses. They were from brand new businesses to<br />

established businesses, the oldest of which was 18 years old. Save one, all were<br />

members of local networks affiliated with the Business Alliance for Local Living<br />

Economies (BALLE). BALLE is a national network of networks that support<br />

locally owned businesses (mainly SMEs) that are socially and environmentally<br />

responsible. These businesses all started with 1-3 owners. All of the businesses are<br />

driven by commitment to community both within the businesses and in the<br />

geography in which they were located. All of the businesses were guided by<br />

“making a living” rather than “making a killing.” Already we seen an appreciation<br />

of moderation.<br />

The organizational structure of these businesses was very flat as opposed to the<br />

more typical hierarchical structure. Not one of the business owners talked about<br />

employees; they talked about “associates” or “the people that work with me”. All of<br />

the people in the business contributed to the development of the business and the<br />

day-to-day operations. In the cases where the businesses are not employee owned,<br />

the knowledge, skills and opinions of the employees is actively sought and valued.<br />

In these cases, the ultimate decisions on company operations still fall to the owners<br />

who have financial interest in the company. However, the interest of the company is<br />

put ahead of and egoist ownership stance. The oldest of the businesses is an<br />

6<br />

CreditCards.com, http://www.creditcards.com/credit-card-news/credit-card-industry-factspersonal-debt-statistics-1276.php,<br />

11 September, 2011<br />

7<br />

The Wall Street Journal, http://online.wsj.com/article/SB100014240527487<br />

04823004576192602754071800.html, 11 March 2011, 11 September 2011<br />

8<br />

The US Small Business Administration, http://www.sba.gov/advocacy/7495/8425, 11<br />

September, 2011<br />

9<br />

National Federation of Independent Business, http://w.411sbfacts.com/speeches.html, 11<br />

September, 2011<br />

10<br />

Ibid

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