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Overview
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.
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.
| ISBN-13 | 9781626563933 |
|---|---|
| ISBN-10 | 1626563934 |
| List Price | $22.95 |
| Format | - |
|---|---|
| Language | English |
| Pages | 216 pages |
| Publisher | |
| Published On | 2006-10-15 |
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