Capitalism 3.0: A Guide to Reclaiming the Commons - Softcover

Barnes, Peter

Softcover

ISBN 10: 1459682564 ISBN 13: 9781459682566

Publisher: ReadHowYouWant, 2014

Synopsis

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.

About this title

Review

Capitalism 3.0 provides the code... to address the widening wealth gap and preserve the life-sustaining capacity of the planet
-- The Guardian, October 9, 2007

About the Author

Peter Barnes is a writer and entrepreneur who has started and run several successful businesses. He cofounded Working Assets Long Distance (now Credo Mobile) and is the author numerous other titles, including Who Owns the Sky?, Pawns: The Plight of the Citizen-Soldier, and most recently With Liberty and Dividends for All.

Edition details

• Publisher: ReadHowYouWant
• Publication date: 2014
• ISBN 10: 1459682564
• ISBN 13: 9781459682566
• Binding: Paperback
• Language: English
• Number of pages: 296