Capitalism 3.0: A Guide to Reclaiming the Commons
via On the commons:
Now that the holidays are over, Peter Barnes is continuing his promotional tour for his book, Capitalism 3.0: A Guide to Reclaiming the Commons. I’m thrilled to see that it's attracting some great reviews. In today’s Los Angeles Times, Lee Drutman writes:
Barnes is at his best in diagnosing the structural maladies in today's iteration of capitalism, which has created a "world is awash with capital, most of it devoted to speculation" but "healthy ecosystems are increasingly scarce." The main problem, as he sees it, has to do with the three algorithms that drive market behavior: Maximize return to capital; distribute property income on a per-share basis, and the value, or price, put on nature is zero. And, he notes, 5% of the world's people control half the property shares.