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?
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.
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