Capitalism cares about our species’ prospects as much as a wolf cares about a lamb’s. But democratise our economy and a better world is within our grasp, say Jason Hickel and Yanis Varoufakis
  • vovchik_ilich [he/him]@hexbear.netEnglish
    9·
    2 months ago

    There are three necessary conditions for the transformation of our economy from a dead-end dictatorship into a functioning and ecologically sound democratic one.

    The first condition is a new financial architecture that penalises destructive private “investments” and enables public finance for public purposes. At the heart of this architecture we need a new public investment bank that, in association with the central banks, converts available liquidity into the types of investment consistent with common, sustainable prosperity.

    The second condition is the extensive use of deliberative democracy to decide sectoral, regional and national goals (eg regarding the growth or even winding down of different outputs) towards which the new public finance tools will be aimed.

    And the third condition is a Great Corporate Reform Act for the purpose of democratising corporations, favouring and promoting the formation of companies run along the lines of one employee, one share, one vote.

    Those aren’t conditions though, those are proposals of policy. If you explicitly say that capitalists are ruling us and that you want them not to rule, the precondition is a revolution. Say it fucking out loud, milquetoast-ass Varoufakis.