Insight and inspiration in turbulent times.
Guy Standing’s The Corruption of Capitalism (Biteback Publishing 2017) is a powerful attack on rentier capitalism and, very explicitly, a call to revolt. It is very informative and the detailed factual descriptions that Standing puts before his readers are intended to make them angry. He succeeded with me and probably will with most readers.
Imagine a world where corporate charters were only granted if they adopted a triple bottom line, and where shareholder lawsuits threatened every time a company broke one of its own social and environmental standards. Until that happens, it may be that the “worst event in the history of our civilization” is not the future development of modern AI, but the decision by a group of 17thcentury politicians to unleash the power of the Corporation on an unsuspecting humanity.
What Sandy’s inequalities show is that around America’s largest metropolis as much as in other corners of our nation and planet, the battle against global warming is also a battle for environmental justice.
During the summer of 2017, I travelled throughout France. Now I am sharing the stories of the commons I met along the way, never knowing what I would find in advance.
So as I see it humanity now faces a choice. We can continue extolling the virtues of ‘development’, pin our hopes on a rapid decarbonisation of the energy system while retaining something like present levels of energy usage, and imagine that a further iteration of the capitalist economy will somehow overcome the grinding poverty that afflicts so many people in the world today. Or we could take the view that the forms of development offered by this ‘modernism’ have failed.
We think there is now broad intellectual convergence across groups around a shared critique of the failings of neoliberalism and the need for a new paradigm. There is slightly looser convergence on the overall goals or values of a new paradigm, largely centring on equity, sustainability and democratisation. However, outside of one or two notable efforts, we have not seen common narratives or policy solutions emerge. Our conclusion is that this results from material barriers to progress, rather than profound differences between groups.
A beautiful Central American country known for its lush rainforests and stunning beaches, Costa Rica proves that achieving high levels of human wellbeing has very little to do with GDP and almost everything to do with something very different.
While capitalism and consumerism dominate the culture of the United States of America and the Western world, community currencies are creating a buzz elsewhere. The radical need for alternative economies and community currencies is becoming more commonplace among societies across the globalized world dealing with the crisis of mass poverty and inequality. In part one of our three part series shining a light on some of these alternatives, we look at the Athens Integral Cooperative.
Each year at the UN climate negotiations, we UK youth bring our determination for climate justice to the discussion. We don’t come to the talks with high expectations. But this year the UK has gone above and beyond to surprise us with their lack of leadership. From advertising Barclays at their UN pavilion, to dismissing questions on crucial climate related policies such as fracking, or advocating for fossil fuel companies to be involved in the negotiations, they didn’t miss an opportunity to disappoint.
To escape this “capitalocentrism,” we need to broaden the definition of economy beyond capitalism. What if, instead, economy is all the ways that we meet our material needs and care for each other? And what if it’s not a singular thing? Then we would see that beneath the official capitalist economy are all sorts of thriving non-capitalist economies, where there may not be a profit motive or market exchange.
Britain’s housing crisis is complicated mess. Fixing it requires a long-term plan and a bold new approach to policy. But in the meantime let’s start calling it what it really is: the largest transfer of wealth in living memory.
Somewhere — the gravel road I grew up on, the wharf I fished from, the woods at the end of the road where we roamed, the edge of the bayou where we fought off pirates to keep them from landing — is no longer. It is now an anywhere of pavement, sidewalks, Walmarts, hotels, casinos, and housing developments. Anywhere is nowhere.
