How can we reform capitalism?
Well Jason Hickel & Yanis Varoufakis suggest three key steps:
1. re-engineer finance; penalising investment for destructive private investment & prioritise public investment for public goods;
2. democratise public & private budgeting decisions;
3. democratise corporations; wrest control from the elites & put it in the hands of workers.
Its as simple as that.... well, OK not simple, but you can see what they're getting at!
#politics
theguardian.com/environment/co…
We can move beyond the capitalist model and save the climate – here are the first three steps
Capitalism cares about our species’ prospects as much as a wolf cares about a lamb’s. But democratise our economy and a better world is within our grasp, say Jason Hickel and Yanis VaroufakisJason Hickel (The Guardian)
GeofCox
in reply to Emeritus Prof Christopher May • • •"By capitalism we do not mean markets, trade and entrepreneurship, which have been around for thousands of years before the rise of capitalism. By capitalism we mean something very odd and very specific: an economic system that boils down to a dictatorship run by the tiny minority who control capital – the big banks, the major corporations and the 1% who own the majority of investible assets." - Exactly !
In France, the left party, LFI, has recently been making the same point: the left has to expose the misleading euphemisms of 'market economies', 'free markets', 'free enterprise'', etc - which the right uses to disguise extractive big business and finance as something as nice and friendly as a local street market - and it needs to ally with small businesses - which are nothing like big business, and which are indeed just as exploited by multinational capitalism as the rest of us.