To advance system change, it might be more useful to move away from such labels, as they are divisive and confusing for most people. How can we replace what we have now with something built around a non-extractive, free market?
Adam Smith’s most famous and most quoted idea is that of the invisible hand–the notion that if you work for your own selfish goals, the result would still be the same as if you worked to serve society as a whole. But did it stand the test of time?
Certainly, global warming will negatively effect certain resources and thus reduce economic growth—but, ironically, few economists will admit that degrowth may be the only solution to solve climate change.
E F Schumacher’s groundbreaking work may have spurned the sustainability movement. But green capitalism is still taking us closer to planetary breakdown.
In discussing our options, we too often get sidetracked into a debate between political philosophies—capitalism vs. socialism—that sidesteps the larger issues. We need a different framework. Our common future depends on serious institutional rethinking and restructuring to localize power and share it on a global scale.
First published in 2017, this article explores the significance of Trump’s election through the macrohistoric lens of the great thinkers of history. On the eve of a new election, it remains as relevant as ever.
In part IV of the interview, George Caitlin and Roar Bjonnes examine the challenges and actions to take towards a new post-capitalist economy.
In part III of the interview, George Caitlin and Roar Bjonnes look at the importance of integration in building an alternative to monopoly capitalism.
Part II of George Caitlin’s interview with Roar Bjonnes on how we might restructure the economic system to be kinder to people and planet.
Racial inequality is upheld by the economic system. Through economic democracy, power and resources can be put into the hands of local people and their communities.
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