Capitalism Will End, Celebrate What Comes Next

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The damage that wealthy bankers did to the economy back in 2007/08 is still with us, and that has led to a whole generation questioning the validity of modern hyper-capitalism. That same germination witness ongoing environmental destruction and the erosion of labour rights (amongst a litany of other ills) all for the goal of getting more profit. The rejection of the prevailing thought has caused a few people to be scared of the change to come.

Don’t be afraid of the future, embrace it. Be part of what you want to see come true by examining what’s to come through exploration of what already is.

Fortunately, there is already a wealth of language and ideas out there that stretch well beyond these dusty old binaries. They are driven by a hugely diverse community of thinkers, innovators, and practitioners. There are organizations like the P2P (Peer to Peer) Foundation, Evonomics, The Next System Project, and the Institute for New Economic Thinking reimagining the global economy. The proposed models are even more varied: from complexity, to post-growth, de-growth, land-based, regenerative, circular, and even the deliciously named donut economics.

Then, there are the many communities of practice, from the Zapatistas in Mexico to the barter economies of Detroit, from the global Transition Network, to Bhutan, with its Gross National Happiness index. There are even serious economists and writers, from Jeremy Rifkin to David Fleming to Paul Mason, making a spirited case that the evolution beyond capitalism is well underway and unstoppable, thanks to already active ecological feedback loops and/or the arrival of the near zero-marginal cost products and services.This list barely scratches the surface.

Read more.

Slavoj Zizeck on the Ethics of Consumption

Slavoj Zizeck is a modern thinker that has done a great job of critiquing the overarching assumptions in our society when it comes to power dynamics and the insidiousness of neoliberalism. In the video above his views on capitalistic consumption are summed up rather nicely. It’s worth the ten minute coffee break to watch it. Just be conscious of where you get your coffee from.

Watch Naomi Klein Talk About Capitalism

Irving K. Barber Learning Centre Lecture presented by the Vancouver Institute. Webcast sponsored by the Irving K. Barber Learning Centre. Naomi Klein is the author of the critically acclaimed #1 international bestsellers, The Shock Doctrine: The Rise of Disaster Capitalism and No Logo: Taking Aim at the Brand Bullies which have each been translated into more than 30 languages. She is a contributing editor for Harper’s Magazine, a reporter for Rolling Stone, and a syndicated columnist for The Nation and The Guardian.

It’s Time to Rethink Capitalism

Capitalism favours the wealthy and what we have seen this entire millennium is that this is more true than ever. Inequality is on the rise pretty much everywhere, and this is a problem. In this TED Talk, Paul Tudor Jones II, examines the current problematic state of capitalism and how we can rethink it.

Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of society.” In this thoughtful, passionate talk, he outlines his planned counter-offensive, which centers on the concept of “justness.”

The B Team – A Plan B for the Economy

The economic stupidity of a few years back is still causing problems and the fact that the wrongdoers got bailouts for their transgressions hasn’t helped. Even years later economies haven’t recovered and the class divisions within multiple societies have widened. It’s time for an alternative to this current form of (rather bizarre) “hyper capitalism”.

This is where The B Team is looking to make a difference. It’s a new organization focused on researching and promoting a new form of economic thinking that doesn’t ignore the environment and people. Social entrepreneurship is on the rise and The B Team seems to want to help that trend continue.

The B Team is a not-for-profit initiative that has been formed by a group of global business leaders to create a future where the purpose of business is to be a driving force for social, environmental and economic benefit.

Working with a global community of advisors and partners, The B Team seeks to develop and implement a Plan B for business that puts people and planet alongside profit. The B Leaders will focus on execution and action, catalysing and amplifying others’ efforts by undertaking specific global Challenges where their collective voice can make a difference.

Check out The B Team.

Thanks to Liz! (again)