The Post-Capitalist Museum and Derby Silk Mill

tonybutler's blog

I have only a rudimentary grasp of economics but I am thoroughly enjoying reading Paul Mason’s Postcapitalism

His provocation is that capitalism is broken. Cycles of boom and bust punctuated by state bail outs is unsustainable. Soon the state will be milked so dry that it won’t have enough capital to patch up the system. Bail outs transfer money from the poor to the rich, which eventually will make our society so unequal that social conflict will become inevitable.

But from the wreckage of a system built on unsubstantiated credit, a new economy can emerge. One based on information technology which is open-sourced, home-made and shared. This sharing economy is not made of controlled platforms like Uber or Airbnb, but of co-operatives sharing non-market goods, time banks and LETS currencies. It’s an economy based on sharing of knowledge skills and information.

In showing how we have got here, Mason…

View original post 952 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s