Capitalism 3.0: A Guide to Reclaiming the Commons Ebook

Publication: Berrett-Koehler Publishers
 
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Description

The commons – those creations of nature and society we inherit together and must preserve for our children – is under siege. Our current version of capitalism – the corporate, globalized version 2.0 – is rapidly squandering this heritage. Now, Peter Barnes offers a solution: protect the commons by giving it property rights and strong institutional managers. Barnes shows how capitalism – like a computer – is run by an operating system. Our current operating system gives too much power to profit-maximizing corporations that devour the commons and distribute most of their profits to a sliver of the population. And government- which in theory should defend the commons – is all too often a tool of those very corporations. Barnes proposes a revised operating system – Capitalism 3.0 – that protects the commons while preserving the many strengths of capitalism as we know it. His major innovation is the commons trust, a market based legal entity with the power to limit the use of scare commons, charge rent, and pay dividends – in both cash and services – to everyone. In Barnes’ vision, an array of commons trusts would institutionalize our obligations to future generations, fellow citizens, and nature. Once established, they’d use markets and property rights to create a better world for us all. Capitalism 3.0 offers a practical alternative to our current flawed economic system. It points the way to a future in which we can retain capitalism’s virtues while mitigating its vices.

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Capitalism 3.0: A Guide to Reclaiming the Commons