With one breath, the friends of power told us that global capitalism was a dynamic, disruptive force, the source of constant innovation and change. With the next, they told us it had brought about the end of history: permanent stability and peace. There was no attempt to resolve this contradiction. Or any other.
We were promised unending growth on a finite planet. We were told that a vastly unequal system would remove all differences. Social peace would be delivered by a system based on competition and envy. Democracy would be secured by the power of money. The contradictions were crashingly obvious. The whole package relied on magic.
Because none of it works, there is no normal to which to return. The Keynesian measures espoused by Jeremy Corbyn and Bernie Sanders – in a world crashing into environmental limits and the mass destruction of jobs – are as irrelevant in the 21st Century as the neoliberal prescriptions that caused the financial crisis....
So this column is the first in an occasional series whose purpose is to champion new approaches to politics, economics and social change. There is no going back, no comfort in old certainties. We must rethink the world from first principles.
There are many points at which I could begin, but it seems to me that an obvious one is this. The market alone cannot meet our needs, nor can the state. Both, by rooting out attachment, help fuel the alienation, rage and anomie that breeds extremism. Over the past 200 years, one element has been conspicuously absent from the dominant ideologies, something that is neither market nor state: the commons.Evonomics
How Reviving Common Ownership is One Possible Route to Social Transformation