Download Capitalism 3.0: A Guide to Reclaiming the Commons by Peter Barnes PDF

By Peter Barnes

From the cofounder of operating resources comes a visionary plan to improve capitalism.

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In particular, they can raise interest rates, which means higher borrowing costs for businesses and higher mortgage and credit card The Limits of Government | 41 payments for millions of voters. No politician wants to do this, and thanks to the Fed, none have to. ” This model is so sensible that, nowadays, almost all countries use it. One can imagine similar entities for managing carbon and other pollutants. Their governors would serve long terms and have a fiduciary responsibility to future generations.

It externalizes as many costs as it possibly can, not because it wants to, but because it has to. It never sleeps or 22 | THE PROBLEM slows down. And it never reaches a level of profitability at which it decides, “This is enough. ” The second difficulty is that these automatons keep getting bigger and more powerful. S. gross domestic product; by 2004 they commanded two-thirds. 1). S. Department of Commerce, Bureau of the Census, 1979). zip. S. Department of Commerce, Bureau of the Census, 2005).

Corporations have decimated their old adversary, organized labor, and turned the media into their mouthpiece. Occasionally a breakthrough is made in campaign financing—for example, corporations are now barred from giving so-called soft money to political parties—but corporate money soon finds other channels to flow through. The return on such investments is simply too high to stop them. Does this mean there’s no hope? I don’t think so. The window of opportunity is small, but not nonexistent. Throughout American history, anticorporate forces have come to power once or twice per century.

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