We seem to have reached an impasse. Capitalism as we know it appears to be coming apart. But as financial institutions stagger and crumble, there is no obvious alternative. Organized resistance appears scattered and incoherent; the global justice movement a shadow of its former self. There is good reason to believe that, in a generation […]
The most powerful institution in most people’s lives is their workplace. We care deeply about governmental democracy but accept dictatorships where we spend most of our waking hours. The cooperative movement has proven it doesn’t have to be this way.
Capitalism in Crisis Amid Slow Growth and Growing Inequality
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself?
Preface | The World After Capital
Since publishing the previous version of The World After Capital, I have met with people across the political spectrum to discuss the ideas from the book. When I present these in person, I emphasize that the ideas are neither left nor right but forward (credit to Scott Santens who first used this phrase about Universal Basic Income). My writing, however, at times has alienated readers who identify as being more on the right. In this new edition, I am therefore making an extra effort to emphasize how both my diagnosis of where we are at and my suggestions for how to move forward do not map onto the existing political divides. Instead this is a new way of understanding our challenges and opportunities that can be the basis for movements and parties that are not trapped in Industrial Age ideology.
The end of capitalism has begun
Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian
The Prospects of a Pluriversal Transition to a Post-Capitalist, Post-C
This book critically engages with a central dilemma facing counter-hegemonic movements as global crises intensify: how to foster systemic change while
The Player and the Played
In an age when capitalism feels like an unwinnable game, extreme reactionary ideas and politics are on the rise. The Hunger Games, Game of Thrones, Squid Gam...
Work, Justice, and Collective Capital Institutions: Revisiting Rudolf Meidner and the Case for <span style="font-variant:small-caps;">Wage‐Earner</span> Funds
ABSTRACT This article makes the case for a specific variety of what we call Collective Capital Institutions (CCIs), by returning to the idea of Wage‐Earner Funds (WEFs) – a 1970s Swedish policy proposal designed gradually to shift ownership and control over parts of the economy to democratically controlled institutions. We identify two attractive rationales in favour of such a scheme and argue that both can fruitfully be transposed to the current worldwide economic situation. The egalitarian rationale is that WEFs could help in the pursuit of equality by giving a wider set of people a stake in collectively owned companies and a right to their profits. The democratic rationale is that WEFs redistribute not only these profits, but also the power over economic decisions made within companies. We then contrast such schemes for collective capital ownership with the similar but much more privatised proposals set out in, for instance, John Rawls's idea of a ‘property‐owning democracy’. We argue that CCIs ultimately are more likely to contribute to the development of the ‘sense of justice’ within society that is needed for a stable just society. We conclude that CCIs deserve a great deal more exploration in academic and political discussions of egalitarian economic systems.
Opinion | The New Power Structure (Published 2018)
New organizations are forming and succeeding in an age of distrust.
Radical markets: uprooting capitalism and democracy for a just society
Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation. Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition Radical Markets shows how
Implicit Feudalism — Rushkoff Archive
Too many of us think it doesn’t matter when a platform like X/Twitter has a single, all-powerful owner. Most of our online worlds are simply run by what we hope are benevolent dictators. After all, we figure, if we don’t like what they’re doing or allowing, we can just leave, right? But in most cases we’re just jumping from one rich dude’s idea for how the world should be to another rich dude’s idea for how the world should be.
Can these radical institutional reforms get capitalism & democracy working better?
Freewheeling economist Glen Weyl is on a warpath to reform liberal democratic institutions in order to save them.
The revolution will not be funded: beyond the non-profit industrial complex
Introduction : the revolution will not be funded / Andrea Smith -- The political logic of the non-profit industrial complex / Dylan Rodríguez -- In the shadow of the shadow state / Ruth Wilson Gilmore -- From black awakening in capitalist America / Robert L. Allen -- Democratizing American philanthropy / Christine E. Ahn -- The filth on philanthropy : progressive philanthropy's agenda to misdirect social justice movements / Tiffany Lethabo King and Ewuare Osayande -- Between radical theory and community praxis : reflections on organizing and the non-profit industrial complex / Amara H. Pérez -- Native organizing before the non-profit industrial complex / Madonna Thunder Hawk -- Fundraising is not a dirty word : community-based economic strategies for the long haul / Stephanie Guilloud and William Cordery -- "We were never meant to survive" : fighting violence against women and the fourth world war / Ana Clarissa Rojas Durazo -- Social service or social change? / Paul Kivel -- Pursuing a radical anti-violence agenda inside/outside a non-profit structure / Alisa Bierria -- The NGOization of the Palestine liberation movement : interviews with Hatem Bazian, Noura Erekat, Atef Said, and Zeina Zaatari / Andrea Smith -- Radical social change : searching for a new foundation / Adjoa Florência Jones de Almeida -- Are the cops in our heads and hearts? / Paula X. Rojas -- Non-profits and the autonomous grassroots / Eric Tang -- On our own terms : ten years of radical community building with Sista II Sista / Nicole Burrowes ... [et al.]
if there's one conclusion that the study of both labor history and imperialism converge on, it is that the richest people in the world are happy to burn money on control, power, impunity. and the "everything is about profit" version of anti-capitalism does not survive serious contact with either
Leonard Pierce
Adding to this thread: it’s a common mistake (I’ve made it myself, many times) to think of the motivations of the capitalist elites as essentially mercantilist: that is, that they are largely still motivated *entirely* by profit and loss, selling product, etc. This has not been true for a while.
“What we’ve got to understand is that this epistemic chaos, this collective psychosis, has risen as a result of the shareholder-driven model of global capitalism. What we’ve got to do is look at the mechanisms of that wealth pump itself & start to change that.” theecologist.org/2026/sep/09/soft-body-turtle
The soft body of the turtle
theecologist.orgCapitalism and markets are closely connected, but they aren't exactly the same thing. And once we recognize that it opens up a huge new terrain for different types of social organization. J.K. Gibson Graham wrote on this a lot. en.wikipedia.org/wiki/J._K._Gibson-Graham
J. K. Gibson-Graham - Wikipedia
en.wikipedia.org
