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…
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