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--- common_planet [2022/10/03 11:14] – jusr
+++ common_planet [2022/10/20 14:40] (current) – jusr
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 [[https://common-planet.org|Common Planet]] is a proposed re-imagining of the control, use, and access to all the land, buildings, houses, and resources on the planet. And features a reward (or credit) system based on Flow Credit currency, a form of [[non_physical_object_money|non-physical object money]].
-The proposal was previously referred to as EarthVote across their social media channels acting as a launchpad for the concept before rebranding to Common Planet with a new website launch in 2018.
+Launched in 2015, the proposal was previously referred to as EarthVote across their social media channels acting as a research project and launchpad for their concepts before rebranding to Common Planet with a new website launch in 2018.
 Older videos for the proposal are still accessible from the EarthVote YouTube channel [[https://www.youtube.com/channel/UCd_msGnmzcyJqtQoKUjRFbA/featured|here]].
+===== How it works =====
+{{ :doughnut_economic_model_.jpg?600 |}}
+Common Planet uses a combination of [[https://doughnuteconomics.org/about-doughnut-economics|Doughnut Economics]] and its reward credit system to determine resource boundary and extraction methods. The credit is used to allocate resources based on the doughnut's boundaries to determine where resource extraction should or shouldn't be. Credit is then earned if the methods used are determined not to surpass the ecological ceiling creating an overshoot, nor a shortfall to the social foundation.
 ===== Proposal highlights =====
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 YouTube: https://www.youtube.com/channel/UC3hE3JvmD9tFdEyUM_IC0Iw