New Economics
The future of business: what are the alternatives to capitalism?

The future of business: what are the alternatives to capitalism?

In this Guardian article Jules asks what the implications of limits to growth are for capitalist theory, the alternatives, and what it means for business Evidence shows its very clear we have reached the safe limits to growth in terms of the most pressing threat to human civilisation – that of a stable atmosphere. Therefore,...
The Indecency of Power

The Indecency of Power

Plato famously believed that philosophers should rule. Aristotle argued that the political class must be led by ‘men of virtue’. They both had a point. “Much of what is amiss in our world”, as Judt commented, “can best be captured in the language of classical political thought”. In today’s city states, nation states and business...
Three (more) things they don’t tell you about capitalism

Three (more) things they don’t tell you about capitalism

Professor Ha-Joon Chang has two things in common with Karl Marx. Firstly he’s right in much of his economic analysis of the ills of capitalism and secondly his prescriptions of the solutions to these ills are lacking. Chang’s best-selling book 23 Things They Don’t Tell You About Capitalism is a timely and important addition to...
Stealing Back The Commons: Citizen Economics Beyond Capitalism (Part Two)

Stealing Back The Commons: Citizen Economics Beyond Capitalism (Part Two)

In part one of this blog we suggested that it might be time to question the role of capitalism in securing our futures. In this second part of the blog we look at what might replace or update capitalism 1.0. Res Communes – sustainable wellbeing economics of, by and for the citizens I’m involved currently...
Stealing Back The Commons: Citizen Economics Beyond Capitalism (Part One)

Stealing Back The Commons: Citizen Economics Beyond Capitalism (Part One)

Michael Jacobs, an ex-SpAd to Gordon Brown, has recently written in the New Satesman that ‘green social democracy can save capitalism’. Well, not everyone agrees. For some, the ‘green social democracy’ experiment has, thus far, not worked, and indeed, might be running out of time. And as for capitalism – or at least capitalism1.0, it’s...
World Gone Wrong

World Gone Wrong

“The idea is essentially repulsive, of a society held together only by the relations and feelings arising out of pecuniary interest” John Stuart Mill As though scripted for a 1970s dystopian SciFi fantasy, society has landed in the wrong place and is apparently marooned here. Our people and our planet are not at ease with...
Shared Society: The State We’re In

Shared Society: The State We’re In

I headed to Rio de Janeiro last week for the Global Economic Symposium, with the opening paragraphs of a new book in my head. The (2013) follow-on from Citizen Renaissance is set to examine the rise of City States in the Twenty First Century, just as their namesakes had originally blossomed in the Fifteenth. With...
Cultural Intelligence - Death of the Orientalist

Cultural Intelligence – Death of the Orientalist

I am writing this blog post from Abu Dhabi, where I have been attending the 2012 Abu Dhabi Media Summit Whenever I am in the Gulf region, or indeed in Istanbul, I always feel somehow more centred – literally at the historical epicentre of global trade, the silk routes of centuries past, touched by generations...
Res Communes – the rise of citizen-led, fair-market, alternatives to capitalism

Res Communes – the rise of citizen-led, fair-market, alternatives to capitalism

Marx was right afterall…. Its been interesting lately to hear voices from the mainstream questioning our growth-obsessed capitalist economics and calling up Karl Marx from his grave. They include Stephanie Flanders from BBC Newsnight in her recent Masters Of Money documentary on Marx, Martin Wolf in the FT with his piece last week ‘Is unlimited...